Finance Minister Katy Gallagher has defended the government’s budget and vowed to keep trying to explain it to voters, more than a month on from the announcement of Labor’s proposed tax changes that incurred swift and viral backlash from business owners.
“The [housing] system wasn’t working, it needed to change, and our reforms do that,” Gallagher told Sunrise.
“We’re going to have to keep fronting up and keep explaining those changes, but we’re already seeing at auctions on the weekends first home buyers getting a better crack at the auction market, and that’s welcome.”
Gallagher said some reactions, such as entrepreneurs threatening to move overseas where taxes were lower, were “unfounded”.
“Part of that is us explaining these changes – they are big changes. This is a big tax reform. Tax reform is hard. We have to keep explaining it, but for the vast majority of people, [with] the tax cuts in this budget, the Working Australian Tax Offset, 13.3 million Australians will be better off. And we have to continue to explain the budget and the reasons why we’ve done it.”
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