As inflation rages on, the Government is making money out of it through “Bracket Creep” – collecting more taxes.
I moved an amendment to a bill so that tax thresholds are indexed to inflation, meaning you won’t pay more tax because of inflation. Predictably, the major parties voted it down. They rely on squeezing more and more tax out of you and making money out of inflation.
This clip from the Centre for Independent Studies is a great explainer on how “Bracket Creep” works so that the Government benefits from inflation at your expense.
I spoke with Daisy Cousens last Friday on increased land values in #Queensland and how the government benefits. As well as Digital ID and the upcoming rallies around Australian capital cities.
Watch ‘The Daisy Cousens Show’ live and on demand Fridays 7pm AEST at ADH TV: https://adh.tv/videos/the-daisy-cousens-show
Transcript
Daisy Cousens: Well, it’s abundantly clear by now that despite trying to con Australians with a $15 a week tax break, Federal Labor is ideologically perfectly happy to rob citizens blind by taxing them out the wazoo. The beginning example of that was the reinstating of the 37.5% tax bracket, which ensures bracket creep will continue in perpetuity. However, in an even sneakier ploy, Labor is now taxing by stealth by increasing land values. Joining me this evening is One Nation Senator, the wonderful Malcolm Roberts. Senator, fabulous to have you here this evening. How are you?
Senator ROBERTS: I’m very well, thanks Daisy and thank you for the invitation. It’s a pleasure to be with you.
Daisy Cousens: Well, it’s wonderful, wonderful to have you here. I’m very, very keen to get your take on this Senator. There has been a lot of upset up north about an increase in land value. And look, at first thought this might sound like a great thing for farmers, that their land is now worth more. But when you take tax into account, the tax hungry Labor government, this all you know, starts to make sense from their point of view, doesn’t it?
Senator ROBERTS: Well, I’d love to talk about the tax hungry Labor government, but we also must talk about the tax hungry Liberal opposition and former Liberal government. But we’ll come to that hopefully.
Daisy Cousens: Hmm.
Senator ROBERTS: Inflation, as you quite rightly pointed out, is a stealth tax. It’s stealthy thing that people don’t see but it reduces disposable income and what we see is land values going up for, and I think an 11% increase in the number of properties that that will be subject to land tax because it’s a threshold of 600,000 and above, but also remember the land valuations are bases for rates and councils right across the state are under pressure, some through mismanagement, some through mismanagement from the state government. But the systems are so complex and so confusing, and the accounting systems, that local councils will be increasing rates as well. So, this will slug everyone – it’ll mean less disposable income. So, people’s stand of living will be going backwards.
Daisy Cousens: Gosh, which is appalling in this cost-of-living crisis. I hate this sort of ideological bit that political parties have that it’s okay just to tax people into oblivion, because as you rightly mentioned, the Liberal Party. I’m always on about how, you know, Labor is so happy to tax citizens, but the same can actually be said quietly about the Liberal Party can’t it?
Senator ROBERTS: It can be. I moved a motion, an amendment, sorry, recently into one of the pieces of legislation that Labor had introduced to the Senate and that was simply to remove bracket creep. It was done properly. The Liberals even stood up and said they commend me for it, they like the way the bill was written, but they’re not going to support it because they love bracket creep and so does the Labor Party. They love bracket creep. They love seeing people go unconsciously into higher tax bracket, not even doing being aware that that’s the case and that’s an immediate increase in tax and so people don’t realise that they’re being, that they’re having more money stolen from them.
And then Dave Sharma, the new Liberal Senator, when he gave his maiden speech, his first speech in the Senate recently, he said he’s all in favour of removing bracket creep, but just two weeks before he he voted against removing bracket creep. So, there was nothing wrong with my bill, they said it was well done but they couldn’t do it. So, both the Liberal and Labor Party. And we’ve also got to remember that net-zero, putting in place net-zero foreign policy, increases energy prices which flow right through the economy. The energy sector is the most important sector in the economy in terms of the foundation for prices of goods and services because they flow right through and when you increase energy prices, you decrease productivity, you decrease wealth and that applies not only to individuals – it applies to businesses, it applies to communities. And the Liberal Party is the one who first said in government that they would support UN 2050 net-zero policy. So, the Liberal government is putting heavy impost on every person who uses electricity and every person who lives in this country.
Daisy Cousens: Hmm gosh! It’s so hypocritical of both the major parties because they both go on this bent, don’t they, pretending they’re for the little guy, or we’re for the workers, we’re for ordinary people, but how can they possibly say that with a straight face when they’re so happily happy to tax people?
Senator ROBERTS: Well, they’re used to the lies that they’re putting out. The climate scam is a lie. The climate fraud is a lie. The whole basis for these energy policies is a lie. And then we see – every major problem, Daisy, in this country comes out of Parliament House, Canberra, every major problem. Some of the problems come out of states, but they’re exacerbated by the federal government. So, we see inflation, was driven by the federal government and the Reserve Bank of Australia by printing far too much money during the COVID mismanagement. The whole of that COVID mismanagement shut down supply routes, the supply side, so we had fewer goods, which meant that raised prices, and we had more money chasing those fewer goods, which further raise prices. So inflation, which is a hidden stealth tax as you rightly pointed out, is the cause of people going backward in disposable income. So inflation is the number one enemy and it was created by the Morrison government with the Labor Premiers in hand and by the Reserve Bank of Australia.
Daisy Cousens: Ohe absolutely.
Senator ROBERTS: So what we need to so is actually open these people up to the truth.
Daisy Cousens: Hmm. Oh no, I agree with you and what people just I think conveniently shove under the rug or forget, certainly the Liberal Party does, was that it was the Liberal Party’s fault when they were in government a few years ago that we are in this inflationary position because they kept capitulating to the states’ demands for money for their ridiculous COVID policies. So, thank you for bringing that up and let’s never forget it. Now, Senator Roberts, according to this chart, the greater the rate of primary production, the higher the valuation increase. Is this justly proportional?
Senator ROBERTS: Daisy, let’s keep flogging everyone who’s successful. Let’s see how many successful people we have left in this country. That’s exactly what they’re doing. So, someone that works their land better, their business better, someone invests in their land, their business, and they have a higher productivity and what do we do? We slug them for it. That’s no way to reward talent. That’s no way to reward creativity and hard work and enterprise. That’s the opposite. It’ll cripple this country and it is crippling this country. That’s what we need to remember. This will do enormous damage to our primary producers and we call them primary producers for a bloody good reason. They’re the primary producers of the whole economy. Everything is based upon agriculture and mining, the two primary production sectors. Manufacturing is based on that. Goods and services in the services sector or the tertiary sector are all based upon it. So, we’re killing the primary sector and what it’s doing is it’s hollowing out the bush – they want us all to move from the bush and into the slums and cities – high density high rise living. Thomas Jefferson said it so well and Tim Ball, the expert climatologist from Canada, echoed those words. You can have farms without cities, Daisy, but you cannot have cities without farms. We are crippling this country.
Daisy Cousens: And that is such a good point. You know they are so important, our farmers, and they’re being treated so shoddily by the government and certainly, think of the cost-of-living crisis, as taxes increase for our farmers, won’t that in turn flow onto our grocery bills? Will they become even more expensive?
Senator ROBERTS: Yes, it will. And we’re seeing the prices increase already, quite dramatically, because of the recent increases in energy costs, which have been artificially driven by basically lies and also by inflation. And also, we must remember that we’re seeing the consequences of previous Liberal-National governments that stole farmers rights to use their land and to comply, that was the Liberal Party government’s way of complying with the United Nations Kyoto Protocol. They said they wouldn’t sign it, but that they will comply with it. The moment they did that they started putting in restrictions on land use. They got the state government involved, particularly in NSW and Queensland to put those land use restrictions in and now we see the Queensland government, two years ago, three years ago, bringing in legislation to cripple the farms right up and down the East Coast of Queensland which, as you know from our states layout, are fundamental agricultural areas. They’re the richest agricultural areas – all in the name of the environment. And I asked questions in a Senate inquiry of the QLD experts -they don’t have any evidence for it. We must remember that the farmer, the owner of the land, is the most important custodian, the best custodian, because a farmer, if he ignores the environment around his land, his land deteriorates. The farmer is the best person for understanding the management of the environment. The farmer is the one who’s going to miss out the most if he abuses that or she abuses that because they’re superannuation goes, they have got nothing to hand back to their kids. Whatever they want to do is gone. So the farmer is the best person to manage the land and the environment around his or her property. And what we’re doing is we’re putting it in charge of bureaucrats in Canberra, bureaucrats in Brisbane and bureaucrats in academia that are crippling our agricultural sector.
Daisy Cousens: Oh, absolutely. I mean, they’re just handing it over to people who have no idea what they’re doing. It’s outrageous! Now look, Senator, before we go, I have to talk to you about this Digital ID bill. You have been a real campaigner against the Digital ID bill. What is there left for Australians to do to stop this nightmare becoming imprinted as a reality?
Senator ROBERTS: Well, Daisy, I’m normally a very calm person and I don’t get upset too easily, but on Wednesday night, before Easter, after this bill went through without any debate, not one word of debate. Amendments were moved and passed without one word of debate. And so that’s the first thing to recognise, the guillotine. So, I was shattered. But on Thursday I came into my office the next morning and found everyone in my office happy and I thought, what’s going on? And they said, Malcolm, the House of Reps was kept back late, the bill was introduced in the Senate and once it was passed in the Senate, it was supposed to go to the House of Reps, for passage through the House of Reps. Well, it didn’t go to the House of Reps. And we believe that that’s the case because the public kicked up such a fuss, social media gutted Labor, social media gutted David Pocock the Teal, David Pocock the Teal senator and what we think is going on is that Labor is very, very worried about the consequences of passing this bill. And so, what we’re saying is 2 things. Every citizen get out there and hammer your local representative in parliament, in the House of Representatives. Not just the Labor Party but also the Liberal Party. Now the Liberals introduced this bloody bill into the parliament three years ago and I opposed it from the start. But the Liberals have voted with us against the bill two weeks ago in the Senate. So, we know the Liberals are sensitive in the lower house. We know that the Labor Party is sensitive in the lower house and the Teals and the Greens, so get out there and tell your lower house representative, your house representative member to vote against it.
Daisy Cousens: Absolutely.
Senator ROBERTS: The second thing is we saw the public rise up and I must congratulate everyone for doing that. We heard it in Canberra. Now what we need to do is – One Nation put out a petition opposing the digital identity bill. It got 60,000 signatures in the space of two days. Phenomenal.
Daisy Cousens: Fantastic.
Senator ROBERTS: And what we’re doing now based on that strength, we’re running a national protest day on May the 5th, Sunday May the 5th and we’ll be having protests in each of the major capital cities in Australia. So, it’ll be a very important that the public gets out and shows its voice.
Daisy Cousens: Absolutely. Thank you so much for letting us all know about those protests. And Senator, thank you so much for coming on the show this evening. You do wonderful work and I do hope we can see you again soon.
Senator ROBERTS: I look forward to it. Thank you very much and have a good weekend, Daisy.
Both Labor and the Coalition voted to collect billions of extra income tax dollars because they need more money. Yet foreign multinational corporations in Australia are paying little or no company tax.
Bracket creep is a secret tax that means government makes money out of inflation. The government is not indexing the tax brackets to fix bracket creep meaning Australians will collectively pay $38 billion extra in tax over the next four years.
I moved an amendment that would eliminate bracket creep by indexing the tax thresholds. This means the inflation rates would be adjusted for inflation so Australian’s pay the same rate of tax instead of continuing to pay more which is the current situation the government is failing to address.
Instead of giving tens of billions of dollars back to Australians, both Liberal and Labor are happy to keep secretly collecting more and more tax, and by their own admission, they’ll only ever give it back when they can afford to. When can we expect that to occur, considering the current government’s focus is on funding UN climate goals and inflationary COVID debts?
Transcript
Senator ROBERTS: Minister, do you agree bracket creep is a problem for taxpayers in Australia?
Senator GALLAGHER: I think all governments recognise bracket creep is an issue. That’s why governments of both major parties return bracket creep when it’s affordable and sustainable to do so. You’ll notice that, in the reforms to the tax proposal that was outlined by the former government, this does that by lowering the two thresholds and dropping the two tax rates; sorry, I’m getting back into tax land! That’s how we’re dealing with bracket creep. It provides relief, and 84 per cent of taxpayers will be getting a bigger income tax cut than they would have under the former government and paying less tax. By 2034-35, someone earning an average income will pay $21,635 less tax than they otherwise would have without these tax cuts.
Senator ROBERTS: Minister, you said you return bracket creep when it suits you and when you can afford it. Doesn’t that mean that you’re taking money off taxpayers, and that it’s really a stealth tax because taxpayers don’t know they’re moving into a higher tax bracket? Bracket creep is when the brackets stay the same but people’s wages inflate and they move into a higher tax bracket—so they automatically pay a far higher rate of tax in the next bracket and they don’t even know it. Isn’t that tax by stealth?
Senator GALLAGHER: No, I don’t agree with that. I think Australians understand marginal tax rates and the interaction between their earnings and those tax rates. I would say again that’s why, regularly, tax cuts are provided to taxpayers—to deal with bracket creep and provide other assistance where that’s possible, where it’s affordable and sustainable to do so. I say that not to say ‘when we choose to’ or ‘when we feel like it’ but because we have to manage a budget responsibly as well. People expect that because taxes pay for all the services that people consume and expect to receive from their government.
Senator ROBERTS: Minister, I remind you, before asking my next question, that former deputy commissioner of taxation Jim Killaly, who was in charge of large companies and also international matters for the Australian Taxation Office, said back in 1996 and 2010 that 90 per cent of Australia’s large companies are foreign owned and have paid little or no tax since 1953, due to Liberal legislation that was passed in 1953 letting major foreign owned corporations off the hook. Bob Hawke made sure that the Labor Party was also giving gifts to major foreign corporations by letting the world’s largest avoider of tax, Chevron, off the hook for tax in the North West Shelf. Surely the fix to bracket creep is to index brackets. If we’d done that 10 years ago we would have saved the people $44 billion in tax. You say, ‘Where can we get the tax from?’ I get that tax is the cost of government, that tax is the price of government and that tax has to be paid, but foreign corporations in this country are paying little or no company tax. That means they’re using our services that every mum and dad and family and small business is paying for in this country, and they’re doing it for free. We used to be the world’s largest exporters of gas, we get very little for it, and these foreign companies are sending it overseas. Japan gets $3 billion a year off import duty for our gas going into their country, and we get very little for it. So what I say to you is that we can’t afford it because you’re not taxing foreign multinationals adequately. You’re letting them off the hook. Because you didn’t index brackets in this attempt, over the next four years Australians will pay $38 billion more tax than if you indexed brackets. Surely, you can look at the spending and cut some of that back. Surely, you can look at the taxation of foreign multinationals and make sure they start paying their fair share. Then let Australian families off the bracket-creep hook. Why can’t you do that proper budget for the Australians?
Senator GALLAGHER: There was a lot in that, Senator Roberts. I think your final question was around budget management, and the work we have done in the last or two budgets and MYEFO has been to repair the budget. The deficits are a lot less, going forward. We’ve had a surplus budget, we’ve lowered our debt, we’ve contained spending despite the pressures the budget is under, and where we’ve had revenue windfalls we have returned the vast majority of it— over 80 per cent, 88 per cent I think—to the budget to repair it. We do have to manage the budget responsibly and we’ve been able to do that and provide bigger tax cuts to more Australians. On your point about multinational tax reform, I don’t necessarily agree with all of it because I haven’t been able to verify some of the things you’ve said. We agree that we should be making multinationals pay their fair share of tax—we’ve got a bill before the parliament on that, we’ve got a bill on PRRT and we’ve got a bill on high-balance super, and that is about making sure we are putting the budget on a sustainable footing, that we’re able to pay for defence, aged care, hospitals, the interest on our debt and the NDIS, and that we are able to pay for those services that people expect. But this plan does deal with bracket creep, so I don’t accept the position that you put saying we don’t. That’s part of the reason why we’re doing it. The Treasury advice there is very clear. Our plan provides better protection against bracket creep for 70 per cent of all taxpayers over the decade, including the average taxpayer and those on low and middle incomes.
Senator ROBERTS: Minister, how can you say it fixes bracket creep when over the next four years Australians—families and individuals—will be paying an extra $38 billion due to bracket creep? You are not indexing the brackets themselves; you’re just making a one-off adjustment. As soon as that happens, with inflation continuing, you will continue to increase revenues. Inflation hits families in two ways: first of all, goods and services cost more; second of all, they move into a higher tax bracket and they pay more tax. They actually end up with less take-home pay. So I don’t buy your argument. Why doesn’t Labor want to fix bracket creep?
Senator GALLAGHER: I think we’re just agreeing to disagree, Senator Roberts. This plan does deal with bracket creep by reducing two tax rates and increasing two tax thresholds. It does deal with bracket creep. In particular, as I said in my previous answer, for average taxpayers—those on the average wage, and low- and middle-income earners—this substantially improves the money they get back in their pockets, and returns that bracket creep. But you disagree with me—I will keep making that point and, presumably, you will keep making yours.
Senator ROBERTS: Minister, you cannot argue with the fact that someone who is just below the next tax threshold will soon be paying higher tax because of inflation. That is a fact. The only way to beat that is to index the tax thresholds. As to supporting my amendment, it shows you do not want to stop rampant increases in tax or you want to keep bracket creep to exploit taxpayers. Why don’t you want to fix bracket creep properly by indexing it so that brackets rise as inflation rises and wages rise, so people stay within the same bracket and there is no creep? Why don’t you want to fix bracket creep?
Senator GALLAGHER: The tax rates haven’t been indexed, that’s right. I understand your amendment seeks to do that. I don’t think you’ve moved your amendment, but I may as well cover off. We are not supporting your amendment. The approach in this bill is preferable to your amendment because it provides governments—I’m talking about not our government but all governments; this is the way it’s been done—with greater flexibility to respond to fluctuations in the economic cycle. This proposal does deal with bracket creep. It does return money to taxpayers. I don’t know where you get your $38 billion figure from over the forward estimates, but I think your point there is that there will be—that’s assuming, wherever that number comes from, that there will be no change to tax rates in that. History will show that governments have made decisions to implement tax cuts where it’s affordable and sustainable to do so on the budget, and I expect governments of both political persuasions will continue to take that approach.
Senator ROBERTS: Minister, in my view, I don’t think you’re being honest with the people of Australia, because bracket creep is a stealth tax. Inflation helps your tax revenue. How many pages are in our tax act?
Senator GALLAGHER: We might have to take that on notice. I’m just seeing if we can provide you with an accurate answer, but it’s quite detailed and there are obviously pages that underpin the tax act as well. I’m not sure we’ll be able to do that accurately tonight, but we’ll see what we can do.
Senator Scarr: To the nearest ten thousand!
Senator GALLAGHER: I was going to say: it’s a lot!
Senator ROBERTS: To the nearest thousand would be fine, thanks, Minister. The point I’m trying to make is that we already have a very complex tax system, which is confusing for small businesses and confusing for people who don’t have access to lawyers and deep pockets. It’s confusing for individuals and families. We always support returning more money to taxpayers, and $15 a week is a lot of money to many people. In the overall scheme of things, it’s not very much. In a few years, you’ll be recovering far more. Is there any plan to actually reform taxation properly, to do a comprehensive reform so that the tax system becomes simple, clear, effective, efficient, fair and honest? Is there any stomach within the Labor Party to be honest with the people of Australia and really reform taxation comprehensively?
Senator GALLAGHER: I think the government’s been clear about what our tax changes are. They are the Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024, the bills I referred to before on high-balance super accounts, multinational tax reform, PRRT—they are the government’s tax plans. Am I missing one?
Senator Hume: Negative gearing!
Senator GALLAGHER: I don’t accept that interjection. That is the government’s tax agenda going forward.
Senator ROBERTS: I move Pauline Hanson’s One Nation amendment (1) on sheet 2342.
Senator HUME: For the benefit of the chamber, I just want to inform you that the opposition is going to oppose this amendment, Senator Roberts. We won’t be supporting it, because the stage 3 tax cuts were originally designed to address bracket creep but do it in a very structural, costed and fiscally responsible way. While this measure would address bracket creep, you’re absolutely right that the fiscal cost of this change isn’t known, and that’s why we couldn’t support it at this stage. The Prime Minister’s broken promise means that delivering the stage 3 tax reforms as they had been legislated originally is now impossible, but the coalition remains committed to fighting bracket creep and to enshrining aspiration, because strong leaders keep their promises, even when it’s hard to do so.
Senator GALLAGHER: I made some comments previously, but we will also be opposing this amendment. The bill before the chamber does deal with bracket creep. It delivers tax cuts for 13.6 million Australians. It’s carefully calibrated to provide more cost-of-living relief. I know that Senator Roberts said that it was $15. I think that figure he is using is the extra that people will get. Those people will get $15 extra on top of the tax cuts they otherwise would have got, and, for many people, that is a substantial amount of money. We recognise there are other things to do on the cost of living. That’s why our other measures are being put in place. But in terms of your amendment, we oppose it. We think the way we’re approaching it in this bill is preferable, and it’s the way it has been done in the past. It gives government the flexibility to make those decisions when it’s affordable to return bracket creep in a way that can maximise those returns.
Senator ROBERTS: Minister, I want to take you back briefly to a previous answer you gave when you implied the surplus—which is correct in the budget. The surplus has only been around for two years because of the strength of our agricultural production and our coal and iron ore exports. That’s the only reason. What we’re seeing is a country that is at the mercy of international prices for its major primary products. If something happens, then we have to rely upon bracket creep to pull us out of the mess, and that’s not fair to Australian families and individuals.
Senator GALLAGHER: I accept that our export industry and our resources certainly contribute to our tax revenue through company tax receipts and others, but the strength of the revenue upgrades has also been improved and strengthened by the strength of our labour market. We’ve had many more people in jobs earning money and therefore paying tax than we have previously. Unemployment is at a record low; participation is at a record high. It’s kicking up a bit now, but that has contributed significantly to the improved position of the budget. Yes, we acknowledge that. Part of that has allowed us to pay debt down so that we’re not paying as much into the future and generations of the future are not paying those interest costs—the fastest-growing cost on the budget is managing the interest costs on our debt— and it’s allowing us to deal with all of those areas of pressure that we talk about all the time in here: the NDIS, aged care, hospitals and defence. They are all big costs coming at the budget, and we do have to manage it in a responsible way.
Senator ROBERTS: I’m not pretending to say it’s easy. It’s complex, but it’s excessively complex. You’re addressing the need for increasing tax revenues for the extra expenditure, including interest payments, but what you’re not saying is that a lot of that money is coming from individuals through immigration, which is putting enormous pressure on house prices and inflation. That’s a real impediment to people looking for houses right now. We’ve got people in Queensland sleeping in tents in showgrounds in Gladstone, in parks in Bundaberg, in parks and on the banks of the river in Brisbane and in Ipswich, Logan and Townsville. I think we’re making a rod for our own back. When are we going to see comprehensive tax reform to take the load off individuals and put it onto large corporations so they start paying their fair share?
Senator GALLAGHER: Well, I’ve outlined that we do have a bill around multinational tax reform to ensure that those big multinational companies are paying their fair share of tax. I think if you talk to many domestic companies they’ll say they’re paying their fair share of tax right now. People have a view about that, I guess. Individuals do contribute substantially to the Commonwealth budget through income tax. We need to generate revenue in order to pay for services. On your point around population and housing, obviously you can’t do everything through tax cuts, and that’s why all those initiatives we’ve got in housing are so important and why we want the chamber to support the latest part of our housing initiatives, which is Build to Rent. We’ve got a full suite of programs. We acknowledge that supply is the problem, and the Commonwealth is right in there with our sleeves rolled up, working with states and territories, to do whatever we can to generate more supply. Also, as you know, some of the changes we’ve made to the migration system have ensured that those net overseas migration numbers that we’ve seen rise post-COVID are coming back down to our more traditional rates.
The Federal opposition has been urged to follow through on calls for real tax reform to stop bracket creep and vote for a One Nation amendment to Labor’s Stage 3 tax changes.
Senator Malcolm Roberts’ amendment would index all tax thresholds to adjust for inflation, saving Australians billions of dollars in extra taxes over the coming years.
Senator Roberts said: ‘It’s time to stop fiddling around the edges and implement genuine tax reform.
‘Bracket creep is the government’s dirty little secret. Inflation means Labor will quietly pocket tens of billions of dollars in extra taxes by doing nothing.
‘As wages increase, Australians move into higher tax brackets while only being able to buy the same things due to inflation yet will be paying more tax.
‘Bracket creep amounts to a secret tax that government is happy to keep collecting to pay for their pet projects of questionable benefit.
‘If Liberal and Labor want to increase taxes, they should put it in a Bill or take it to an election and be honest with Australians rather than quietly relying on bracket creep to secretly plug their budget holes.
‘If the Government gets inflation under control, fixing bracket creep won’t cost the budget anything.
‘Australians don’t deserve to pay for inflation twice because of government mistakes and the budget shouldn’t actually benefit from out of control inflation.
‘If Labor needs any suggestions on areas of spending to fix so they don’t have to keep secretly stealing more money from Australians they can consult One Nation’s extensive work at Senate Estimates for some tips.
‘The flawed $65 billion Hunter Frigate program, the NDIS on track to cost $100 billion a year and up to $8 billion a year in Medicare fraud are all some good places to start.’
