The Crest of the Commonwealth of Australia Treasury Portfolio Ministers
Picture of David Bradbury

David Bradbury

Assistant Treasurer, Minister Assisting for Financial Services & Superannuation and Minister for Competition Policy & Consumer Affairs

5 March 2012 - 18 September 2013

Media Release of 19/04/2013

NO.049

Tony Abbott must come clean with the people of Geelong

At today's forum in Geelong, Tony Abbott needs to come clean about the vicious cuts he intends to inflict on families, pensioners and small businesses in Corio.

Tony Abbott doesn't have real solutions, but he does have real plans to cut important support for hard-working Australians and small businesses.

For families, Tony Abbott wants to:

  • Rip away the School Kids Bonus from 8,550 eligible local families - affecting 15,050 children.
  • Cut payments for 11,300 local families that help pay bills and make ends meet through the Household Assistance Package.

For pensioners, Tony Abbott wants to:

  • Cut the pension for 27,200 local pensioners - that's single pensioners losing $351 a year and a couple losing more than $530 from the Household Assistance Package to help them with cost of living increases.

For working people, Tony Abbott wants to:

  • Jack up superannuation taxes by $500 for 23,500 local people, mostly women.
  • Jack up income taxes for 46,000 local people by slashing the tax-free threshold, with an average tax hike of over $300.

For small businesses, Tony Abbott wants to:

  • Cut the $6,500 Instant Asset Write Off, hitting 14,600 local small businesses.

Tony Abbott should stop hiding the facts about his vicious cuts and come clean with the people of Corio.

18 April 2013