Saturday, 16 May 2026

PM, Treasurer confirm dodgy inflation budget data, and secret $200 billion income tax hike

“The Prime Minister and Treasurer have confirmed the inflation data in their Budget is dodgy and will persist above 2.5 per cent, and that they have a secret plan to hike income taxes over the next few years”, said the Shadow Treasurer, Tim Wilson.

Mr Wilson’s comments come off the back of the Prime Minister claiming that the Coalition’s plan to index income taxes rates will cost $200 billion.

“For the Prime Minister’s number to be real he either has a secret plan to introduce $200 billion in new income taxes, or the inflation data in his Treasurer’s Budget is dodgy”, Mr Wilson said.

“Either way the Prime Minister is saying the Treasurer is deceiving the Australian people, and he may be repeating his own untruths”.

“Our plan will cost $22.5 billion over the next four years - because we believe that Jim Chalmers’ active inflation agenda shouldn’t steal the incomes of Australians by stealth”.

“The Prime Minister and Treasurer’s economic model is to stoke inflation, tax inflation, then spend inflation as part of a deliberate active inflation agenda”.

“We thought we’d had to convince Australians the Treasurer was addicted to inflation, his own Prime Minister has confirmed the Treasurer has no intention of going cold turkey”.

“The Prime Minister said before the last election he wasn’t set to introduce a suite of family savings taxes, then did, his own Budget papers have revealed an Easter Egg death tax that he didn’t talk about on Tuesday night, and now he’s confirming that he’s going to hike income taxes by $200 billion”.

“When will this Prime Minister start telling the truth to the Australian people? His Budget is in disarray, he won’t rule out CGT on the family home and is introducing a death tax and now he’s telling us he’s increasing income taxes by $200 billion”, Mr Wilson said.

[ENDS]