Andrew Wallace (Fisher, Liberal National Party) Share this | Link to this | Hansard source

As the new financial year kicks off this week, Australians will once again feel the pinch as they lodge their tax returns. While Labor eventually opted to retain and slightly amend the coalition's stage 3 tax relief, they've diluted the effect through their callous cuts and incompetence. Under Labor, food costs are 11.4 per cent higher. Rent costs are 14.2 per cent higher. Electricity costs are a whopping 21.5 per cent higher. The cost of schooling is up by 10.9 per cent. Health care is up by 11.1 per cent. The NBN is up, insurance is up and gas is up. Mortgages are up by as much as $24,000 a year more than what they were under the coalition, and that's $24,000 for the average mortgage holder after tax. That's $2,000 a month after tax. Who has that sort of money?

These numbers don't lie. At every turn, Australians are bearing the brunt of Labor's agenda to tax, spend and splash money at the big end of town.