Michael Sukkar MP

ALBANESE FAILS TO RULE OUT HIGHER TAXES

THE HON MICHAEL SUKKAR MP
Assistant Treasurer
Minister for Housing
Minister for Homelessness, Social and Community Housing

SENATOR THE HON JANE HUME
Minister for Superannuation, Financial Services and the Digital Economy
Minister to Women’s Economic Security

JOINT MEDIA RELEASE

Monday 31 January 2022

ALBANESE FAILS TO RULE OUT HIGHER TAXES

Anthony Albanese has shown again he is not fit run the economy after refusing to rule out increasing taxes on hard working Australians and businesses in an interview on Melbourne radio today.

The last thing the economy needs is the wrecking ball of higher taxes, punishing hard-working Australians and costing jobs, during a global pandemic.

Interviewed by Neil Mitchell on 3AW this morning, the Leader of the Opposition was asked multiple times to rule out raising taxes on businesses, average Australians and family trusts, and making changes to superannuation.

When asked directly whether he would rule out tax hikes, the Labor leader obfuscated and failed to clearly and categorically answer the question.

Mitchell: “Are you able to promise no new taxes?”

Albanese: “We’re considering the issue of multinationals and we’ll have more to say about that.”

This will come as no surprise to Australians given at the last election Anthony Albanese supported $387 billion of higher taxes on your income, on your savings, on your house, on your investments, on retirees and small family businesses.

If the threat of higher taxes wasn’t enough the Leader of the Opposition also didn’t rule out making any adverse changes to superannuation during his interview.

Mitchell: “OK, superannuation any changes?”

Albanese: “We have not planned for any changes on superannuation. We’ll do all of our policy announcements Neil, will be made as they’ve done, as we’ve done since December…”

What is clear from this is the Leader of the Opposition is an economic novice having never handed down a budget, held a Treasury portfolio or had responsibility for a budget in his professional career.

Australians deserve a government with real economic experience.

It is disappointing to see Labor’s alternative is just another empty vessel to promote the interests of unions, industry funds, and other vested interests, over the interests of aspirational Australians.

Australians need a government that is committed to securing our strong economic recovery through lower taxes, creating more jobs and guaranteeing the essential services that Australians rely on.

Only the Liberals and Nationals can be trusted to deliver lower taxes for Australians so they can keep more of what they earn.