Conservative Party leader Cory Bernardi is warning that a Bill Shorten-lead Labor government would slow the Australian economy and mean that people have less money to spend.
Up to a million Australians will be hit by a complex set of tax changes if Shorten wins government, new Treasury analysis has revealed, with mothers returning from maternity leave and the self-employed among those worst affected.
Treasury data obtained by The Weekend Australian shows four of the opposition’s less well known tax policies would increase tax or sap the retirement balances of up to 1.17 million Australians at retirement to the tune, potentially, of hundreds of thousands of dollars.
With Labor planning to impose $200 billion in new and higher taxes on Australians, Senator Bernardi has told ABC Radio that higher taxes don't help the economy grow.
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