Tony Abbott needs to front up to Brisbane small businesses about his plans to rip away important tax concessions.
Mr Abbott today visited a small business in Brisbane today but what he won't tell the 560,000 small businesses of Queensland is that he has a plan to take away the $6,500 instant asset tax write-off.
This tax break means that small businesses can invest in the equipment they need to grow their business. Small businesses can claim an immediate deduction for each new asset costing less than $6,500, for as many assets as they purchase.
Mr Abbott cannot pretend to be the friend of small business but at the same time promise to rip away this important tax break.
Mr Abbott should stop pretending and come clean with small businesses about his plans to cut support for the sector.