Kerrynne Liddle (SA, Liberal Party, Shadow Assistant Minister for Health and Aged Care) | Link to this | Hansard source

Hardworking South Australians will wear the cost of Labor's so-called tax reform bill—a Golden Grove small-business owner, a renter in Plympton wanting to save for a deposit, a FIFO mining worker, a young couple in Mount Barker saving for their future. These are just some of the people worse off under Labor's tax changes, which will pass after a grubby, dirty deal done with the Australian Greens.

Let me explain why. Labor calls this a budget of intergenerational fairness, but the truth is that's a slogan. Budget papers report 35,000 fewer homes will be built, while our state remains one of the most unaffordable places in the world. This government's answer to a budget black hole it has dug itself is to tax Australians and overshoot its own migration targets, year after year after year. The legislation inquiry was told more rental households will pay more, and that means the 200,000 rental households in our state. Developers say new homes will not follow. No small-business sector has been spared. This legislation hands the government a 47 per cent stake in business profit built after years of personal risk and sacrifice. I know that risk and sacrifice; I've run a business. How many people in here have? Not too many.

The coalition will repeal these toxic taxes. We'll deliver our tax-back guarantee, cap migration against homes actually built and make the $50,000 instant asset write-off permanent for small businesses—much better than the $20,000. South Australians who back themselves deserve a government that backs them too. This legislation fails that test, just as it will fail Australians.