TED O’BRIEN MP
DEPUTY LEADER OF THE OPPOSITION
SHADOW TREASURER
MEMBER FOR FAIRFAX
The Albanese Government has been caught out misleading Australians on tax, spending, and their reckless approach to the economy.
This has come to light through a Freedom of Information request, to which Treasury responded by inadvertently exposing advice Labor never intended Australians to see.
Treasury has made it clear - Labor cannot fix the budget without raising taxes and cutting spending. Yet the only tax measure Labor has put forward is their unfair superannuation tax on unrealised gains.
Anyone who thinks Labor’s super tax on unrealised gains is the end of their campaign to tax family savings is kidding themselves. Since coming to government, Labor has racked up an extraordinary $144 billion in new spending decisions – now they’re coming after your nest egg to pay for it.
Australians deserve to know what’s next. Will Labor extend these taxes to family homes? Family trusts? Small businesses?
The Albanese Government talks about transparency but hides the truth. Behind closed doors, Treasury is telling Labor what the Coalition has been saying all along – they have a spending problem, they lack fiscal discipline, and they are preparing to slug Australians with higher taxes.
When it comes to this Government, don’t listen to what they say, watch what they do.
Housing is no different. Treasury has told the Government their promise to build 1.2 million homes cannot be met. Industry agrees, warning Australia is already 460,000 homes short. Yet Labor continues to pretend otherwise.
Australians deserve honesty, not spin. Whether it’s housing, tax or the budget, Labor is failing to come clean.
The Coalition will always stand for lower, simpler and fairer taxes. Labor will always look for ways to tax more and spend more.