Deputy Leader of the Opposition Sussan Ley has criticised Labor for lacking constraints in spending following the centre-left government’s move to double the tax on superannuation earnings for balances over A$3 million.
She alleged that Labor is already spending A$115 billion extra over the forward estimates and that the recent super tax changes would raise “just about $1 billion” to boost the government’s bottom line.
“They made a virtue of supporting every dollar of the pandemic spending to save lives and livelihoods,” Ley told ABC’s radio program RN Breakfast on Thursday.
“However, they’re in government now, and it’s their job to spend less to manage the economy prudently and to recognise that Australians deserve to keep more of the money they earned.”…