Taylor pitches ‘freer’ and ‘fairer’ Australia in budget reply

Hinzugefügt: 2026-05-17

[00:00:00]Thank you, Mr. Speaker.

[00:00:03]To Australians watching, thank you for your time.

[00:00:08]Tonight, I want to tell you about my vision for a fairer, freer, and better Australia for all.

[00:00:17]An Australia where life is affordable.

[00:00:21]An Australia where we have cheap and abundant energy.

[00:00:26]An Australia where industries thrive and businesses boom.

[00:00:32]An Australia where we innovate, make, and build things of ambition, and farm, mine, and drill with determination.

[00:00:42]An Australia where a single income earner on an ordinary wage has enough for a home deposit and to pay off a mortgage steadily over time.

[00:00:53]An Australia where a mom or dad can afford to take time away from work to do the most worthwhile thing in life, raise a child.

[00:01:04]An Australia where those we welcome to our shores are all determined to embrace our values, to work hard, to contribute to this nation, to become Australian.

[00:01:17]An Australia where we have confidence in our nation's future.

[00:01:21]An Australia where we have hope and optimism.

[00:01:26]This isn't the Australia we know today.

[00:01:31]But we have known it and we can know it again.

[00:01:36]We can restore our standard of living, and we can protect our way of life.

[00:01:43]Now, that starts by fighting against the assault on aspiration at the heart of Labor's budget.

[00:01:50]Labor is locking out young Australians from the opportunities afforded to older Australians to build wealth and prosperity and to get ahead.

[00:02:00]This Prime Minister is one of many Australians who has benefited from these opportunities.

[00:02:07]Now he's pulling up the ladder of opportunity for the next generation.

[00:02:12]Not only by whacking higher taxes on housing, but also on their savings, investments, and small businesses.

[00:02:23]When some when government whacks a tax on something, you get less of it.

[00:02:29]Less housing, less savings, less investment, and less small business for the next generation.

[00:02:39]Labor's budget isn't intergenerational fairness, it's intergenerational fraud.

[00:02:46]Their budget is also an attack on every Australian.

[00:02:52]As Labor's own budget papers state, its tax hikes will reduce the number of houses available for young Australians to buy or to rent.

[00:03:04]>> [snorts] >> Labor's negative gearing changes will hand over housing investment to multinationals and foreign pension funds.

[00:03:12]Labor's increase to the capital gains tax will discourage the investment Australia needs to grow.

[00:03:21]And Labor's small business tax will punish small and family businesses that are already working harder than ever and collapsing at record rates.

[00:03:32]The Treasurer's higher taxes aren't economic reform, they're an assault on aspiration.

[00:03:40]They're an attack on the wealth creation that benefits all.

[00:03:44]They will crush the reward for hard work spirit that underpins our nation's success.