Shadow Portfolio — 28 May 2026

Opposition Leader Angus Taylor used Question Time on 27 May 2026 to press the Prime Minister on two tax fronts: the scope of small-business exemptions from Labor's capital gains tax changes, and whether the government will index income-tax brackets to offset inflation-driven bracket creep. Taylor's first question demanded the Prime Minister identify how many of Australia's nearly three million small and family businesses would be "carved out" of what the Opposition calls Labor's "capital gains tax grab" [TA-260527-house-ef5cc5d1c124:s138].

His second question tied the same day's inflation data to the Opposition's "tax back guarantee", arguing a typical taxpayer would receive $410 in relief this year under the coalition's proposal, rising to over $1,000 per year within four years, and pressing the Prime Minister directly on bracket indexation [TA-260527-house-ef5cc5d1c124:s140]. The two questions form a deliberate pairing: one targets the design of the CGT measure (who is protected), the other targets the broader income-tax architecture (who bears the cost of inflation).

This exchange extends a four-question series Taylor ran on small-business tax exemptions the previous day, 26 May, signalling a sustained Opposition campaign rather than an isolated line of attack. The continuity across sitting days on these two instruments — CGT carve-outs and bracket indexation — suggests the Opposition is building a consolidated cost-of-living and tax burden narrative ahead of any budget or tax-legislation debate.