One Nation moved an amendment to a tax bill to end bracket creep, demonstrating our commitment to ending the Liberal-Labor stealth tax, who use inflation to push people into higher tax brackets.
The last time we moved to end bracket creep, both major parties and the Nationals claimed they were against it, yet they voted against our amendment. Why? Because they lie! They like bracket creep because it’s a stealth tax – a secret tax. Both depend on bracket creep to quietly take more money from workers.
One Nation wants to reform taxation and put more money in people’s pockets. At this election, vote One Nation #1
Transcript
Here we go again—bracket creep. Australians rightly complain that politicians from both major parties have no vision for our country’s future prosperity. It’s all just short-term budgets that never look beyond the next election. That’s why, tonight, One Nation is moving an amendment to the 2025 budget that would benefit our children’s children and everyone in Australia today. If successful, our amendment would remove the secret tax, the stealth tax, known as bracket creep. Bracket creep is where the government quietly takes more tax from Australians because of inflation. The government uses inflation to take more tax out of every Australian. This simple amendment to end bracket creep would save Australians tens of billions of dollars each year. It’s another One Nation plan to put more money back in your pocket.
So let me explain. As inflation continues, wages increase to try and keep up. A salary might go up from $100,000 to $120,000, yet, because of inflation, you can still only buy the same things because prices have risen. Despite being able to only buy the same things, your tax bill goes up because, on paper, the salary has gone up and been pushed into a higher tax bracket with a higher rate of tax. Inflation pushes up the salary you need to survive every year, yet the tax thresholds stay in exactly the same place. As salaries increase, they enter a higher tax rate bracket. This is bracket creep. One Nation would end it. We would index the income tax thresholds to inflation so you do not enter a higher tax rate bracket, making sure Australians don’t pay a higher tax rate because of inflation.
Tax reform is mentioned a lot in parliament. Here’s a genuine opportunity to do it. Australians are being squeezed from every angle. The current tax system is bleeding Australians dry while letting foreign multinational corporations rip off the country. Tonight, One Nation is proposing a policy that will tip the balance back towards helping Australians because we believe in putting more money back in Australians’ pockets. At the election, vote One Nation No. 1.
How They Voted
The Liberals, Nationals and Labor claim to support tax bracket indexation, yet twice I have moved an amendment to introduce it, and both times they have voted it down. The major parties want to dishonestly continue their thieving stealth tax.
This country is all about ripping off the workers and squandering it on useless ventures or giving it away to foreign countries . Not one iota of the heavy taxes that are crippling the Australian tax payer propping up the major political parties is being given back to the tax payers even during the crisis of losing their homes during floods . The major parties are using the public tax payer as a money making batter then .