AUSTRALIA’S home-grown cost of living crisis keeps getting worse under the Albanese Labor Government.
Power prices have risen $1,300 more than the Prime Minister promised at the last election.
The $275 permanent cut to your energy bill, promised 97 times, has not materialised.
The average taxpayer is paying $3,500 more in tax compared to when the Coalition was in office – that’s $7,000 per annum per double-income household.
Federal income tax as a percentage of incomes is at an all-time high of 26.1 per cent in the last reporting year, compared with 23.7 per cent when the Coalition left office just under three years ago.
Families with a typical mortgage are paying $50,000 more in interest repayments since Labor came to power.
Insurance costs are up 35 per cent, gas 34 per cent, and rents 18 per cent.
Residents of Swan Hill and the district are understandably eager to see the back of the current government and often ask me, when will the election be?
If you believe Treasurer Chalmers – which takes some effort – Cyclone Anthony (oops, Alfred – the BoM changed the name to avoid embarrassing the PM) has washed away any hope of Budget surpluses and forced the election away from April 12 and into May. Consequently, the Budget horror story the Government wanted to avoid is now unavoidable, and we will return to Canberra for at least one more week next week for the Budget.
Leader of the Opposition Peter Dutton MP will deliver a Budget in Reply speech on Thursday night further outlining what the Coalition will do to help struggling families and small businesses.
We have committed – on a return to government – to make the instant asset write-off permanent and $30,000 per asset.
I expect the PM will then visit the Governor-General on Sunday, March 30, seeking an election on May 3, 10 or 17, but of course it is conjecture.
He alone will make that decision. A regular election can’t be any later than May 17. I’ll be writing to everyone about postal voting as soon as the election is called, so keep an eye on your letterbox.
