Scrapping Labor’s Toxic Taxes

Labor is whacking higher taxes on housing, savings, investments and small businesses.

The Coalition will fight these taxes tooth and nail.

If they become law under Labor, a Coalition government will repeal them.

Labor’s negative gearing changes will make it harder for young Australians to buy or rent a home by reducing the number of homes available.

Labor’s capital gains tax changes will discourage the investment Australia needs to grow.

Labor’s small business tax changes will punish small and family businesses that are already working harder than ever.

We will also abolish Labor’s Safeguard Mechanism and other net zero carbon taxes, which drive up the cost of essential building materials, undermine investment and push industry offshore.

When government taxes something, you get less of it. Less housing, less saving, less investment and less small business.

The Coalition will back aspiration and reward hard work by scrapping these taxes.