With an election only months away, the Treasurer has begun an economic scare campaign targeting Labor’s tax record.
Mr Frydenberg has refuted Opposition Leader Anthony Albanese’s claim a Labor government would prioritise “aspirational” Australians.
“Anthony Albanese has spent his whole career arguing for higher taxes whether it was the retirees tax or the housing tax or the super tax, and a big supporter of the carbon tax and the mining tax,” Mr Frydenberg told Sky News Australia.
“He can’t walk away from that spotlight as we approach the election because it will be a very clear contest between two choices: a Labor-Greens coalition and a Liberal National Party Coalition.
“And our track record is there for everyone to see.”
Australian workers set to see billions in tax cuts
Labor has supported the Coalition’s three-stage tax plan which saw significant tax offsets to low- and middle-income workers, a lower tax threshold for that bracket as well as tax cuts for those earning more than $90,000 per annum.
The Opposition Leader has also vowed not to introduce new taxes as well as distancing himself from the failed 2019 campaign where Labor targeted franking credits and negative gearing in what was perceived as an attack on pensioners.
Mr Frydenberg flatly rejected the notion that Labor would not impose higher taxes, telling Sky News Australia anchor Pete Stefanovic: “don’t believe them”.
“Jim Chalmers who is the shadow treasurer has said that our tax cuts were offensive and now he wants us to believe him,” the Treasurer said.
“Chris Bowen… said if you don’t like Labor’s higher taxes then don’t vote for us. Well, the Australian people took him literally.
Barnaby Joyce: ‘Albanese politics’ is taxing Central Queensland
“And Anthony Albanese has talked about the top end of town – Labor’s class war rhetoric, their desire to pit one Australian against another, that has run through their DNA.”
It comes as further tax cuts will ease a $10 billion burden for more than 11 million working Australian in the first half of this financial year, according to Treasury figures.
“Under Scott Morrison, we’re seeing $1.5 billion a month of tax relief provided to income workers,” Mr Frydenberg said.
“This is rewarding effort, this is encouraging aspiration and this is very consistent with the Liberal Party and National Party’s political philosophy.
“We’ve also cut taxes for small businesses down to 25 per cent which is the lowest in more than half a century.”

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