Saturday, 9 May 2026

“The Federal Treasurer must rule out his new CGT tax will kneecap young Australians who have invested their first home deposit savings”, said Shadow Treasurer, Tim Wilson.

Mr Wilson’s comments follow real stories pouring into his “Not the Tax we Voted for” from everyday Australians who understand how the Treasurer’s betrayal will practically work.

“Young Australians invest their home deposits to increase their savings and bring home ownership forward, but under the Treasurer’s broken promise their tax could be doubled and home ownership kneecapped”, Mr Wilson said.

“We are now getting stories from young Australians who are panicking because the Prime Minister and Treasurer’s betrayal is kneecapping their strategy to buy their first home”.

“According to the most recent ASX Australian Investor Study: 43 per cent of young Australians own shares, and 33 per cent own ETFs. Now they’re all about to be hit with higher taxes and push them further behind because the Albanese government can’t tell the truth so they can feed their inflationary spending addiction”.

“They’re also resentful their savings would be tax free if they were in a home, but risk a 47 per cent tax rate because they can’t buy a home and will be told wait longer”.

“As more Australians are speaking out we are getting more stories through www.notthetax.com.au as Australians are waking up that they’re on the Treasurer’s tax hit list”, Mr Wilson said.

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