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House of RepresentativesTuesday 12 May 2026

STATEMENTS BY MEMBERS

Mr WILLCOX (Dawson) (13:33): Tonight, it appears the cost of ambition is about to go up. Based on what has already been leaked to the media, tonight's budget is looking like a direct tax on success and a calculated betrayal of the people who do the heavy lifting. Think of the small-business owners, the people who have skipped holidays, worked through the night and salary sacrificed every spare cent to build a future.

For them, their assets are their superannuation. It is their reward for a lifetime of risk. Now, Labor wants to slash that reward the moment they cross the finish line.

This budget is set to be framed as a hand up for the next generation, but it's more like a government robbing Peter to pay Paul. Peter is the hardworking Australian who sacrificed everything for their retirement, while Paul is a bloated government spending spree that is out of control, a government that wastes billions on net zero and fuels a migration surge that it simply cannot house.

This government is setting itself up to take on the people who have worked the hardest. This budget isn't looking like reform; it's looking like a raid. Labor is burning the floorboards to keep the furnace going, and it's starting with the incineration of every single Australian's future.

SourceHouse of Representatives, Tuesday 12 May 2026 — official recordTA-260512-house-0ce3e8e26172:s013