House debates
Thursday, 27 March 2025
Statements by Members
Cost of Living
1:57 pm
Kevin Hogan (Page, National Party, Shadow Minister for Trade and Tourism) Share this | Link to this | Hansard source
Deputy Speaker Claydon, you know it, and we all know it—you know it too, Speaker, as you arrive: there is a cost-of-living crisis in this country. We know that, since three years ago—when the Albanese Labor government was elected—the average family has been about $35,000 a year worse off, with $20,000 of that being increased mortgage costs. Speaker, you know interest rates went up 12 times. The rest is things like rent, groceries and energy—a whole lot of other lists. So the average family is $35,000 a year worse off.
You might have missed it—I know a lot of the Australian public have missed it or been completely underwhelmed by this Labor government—but the solution to being $35,000 a year worse off is, wait for it, 70c a day in tax cuts. That's what the solution is to a $35,000 cost-of-living increase for the average family. What could you buy for 70c a day? I had a quick Google. Unfortunately, you can't even buy a packet of two-minute noodles for 70c a day. But never mind. We have a better tax cut. Our tax cut of cutting petrol taxes means that the average—
Kevin Hogan (Page, National Party, Shadow Minister for Trade and Tourism) Share this | Link to this | Hansard source
Oh, they laugh. The Prime Minister laughs at the petrol tax cut. The Australian public aren't laughing. They are loving the fact that they will get $15 extra in their pockets, and that will filter through to every business. For every business that has a motor vehicle, their costs are going down. I don't expect them to understand that, but that is a good policy. (Time expired)