The Coalition's Plan
Government spending is at a 40-year high outside the pandemic, fuelling inflation, higher interest rates and a cost-of-living crisis. Labor is leaving future generations with more than $1 trillion in debt. And the Labor government is the highest taxing government in Australian history.
Our country needs change. Only the Coalition has the strong leadership, strong team, and strong plan to restore Australians’ standard of living and protect our way of life.
Today, the Coalition outlined our plan, including four immediate priorities:
First, lower taxes. To restore aspiration and reward for effort, we will axe Labor’s new taxes on housing, savings, investments and small businesses. By indexing tax thresholds to inflation, our Tax Back Guarantee will let you keep more of what you earn.
And we will back small business with a permanent $50,000 instant asset write-off.
Second, cheaper power. We will use Australia’s abundant energy resources, keep reliable generation in the system, lift the ban on nuclear power and unlock more Australian gas for Australians.
Third, end mass migration and build more homes. We will cap migration to the number of homes built so housing can catch up. We will invest $5 billion in infrastructure to unlock up to 400,000 homes.
Fourth, better government. We will limit spending growth, restore a cap on tax revenues and cut waste. When commodity prices are higher than expected, we will bank 80 cents in every dollar of windfall gains to pay down debt and invest in nation-building infrastructure.
You can read more about our plan here: www.liberal.org.au/our-plan
