Tonight the Labor Federal Government brought down a Budget that is a typical big-spending, big-taxing Labor Budget.
It's the type of Budget that does nothing for the aspirational people of the Gold Coast.
Under this Labor government, a typical family with children will be around $25,000 worse off.
The Budget confirms:
• Your cost of living continues to go up;
• Your gas and electricity bills continue to skyrocket;
• Real wages have not grown;
• Inflation remains stubbornly high;
• Unemployment will rise; and
• Higher taxes for Australians.
Here on the Gold Coast both our tourism and education sectors are set to be hit with a raft of increased visa fees and charges. There's been no commitment for any Gold Coast transport infrastructure. And retirees are impacted by higher superannuation taxes.
Tonight, we needed a Budget that reduces inflation and reins in spending to combat the cost of living crisis facing all Australians.
Instead, for every dollar of new taxes it has imposed in this budget, the Government has decided to spend two.
At the same time, this Budget cuts infrastructure spending, and fails to address congestion, the housing and rental crisis, and the liveability and amenity of our towns and suburbs.
Instead, this Budget makes life harder for Australians.
I will be in touch with more details as the impacts of the Budget are revealed in the coming days and weeks.