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Dear Friend, Three months after the Budget, Labor’s latest tax raid continues to cause damage and uncertainty.Just in the past week, concerns have been raised:
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by the housing industry, banks and mortgage lenders about Labor’s taxes smashing confidence, increasing rents and tanking the property market.
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by Master Builders Australia about Labor’s taxes increasing costs for family-owned construction businesses and further weakening housing supply.
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by religious leaders about Labor’s taxes on trusts reducing support for charities.
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around continuing uncertainty about the taxing of assets transferred after death or divorce.
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by a Labor MP saying she had “difficulty” with Labor’s taxes.
My vision for Australia is to be a country where anyone, no matter their background, can dream big and get ahead through hard work.That’s why the Liberals and Nationals are determined to lower taxes.That starts with axing Labor’s toxic taxes – on housing, savings, investments and small businesses.We will protect Australians from “bracket creep” caused by inflation.We’ll do this with our Tax Back Guarantee, which will index tax thresholds to inflation.This means Australians get a tax cut every year, which gets bigger over time.And we will back small business with a permanent $50,000 instant asset write-off.This will help them invest in the vehicles, machinery and equipment they need to grow.You work hard for your money.Our plan will reward effort, protect aspiration and let Australians keep more of what they earn.You can read more about our plan here:
[READ OUR PLAN]([link removed])
Kind regards,Angus TaylorLeader of the Opposition
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