Tony Abbott needs to front up to local Penrith families and pensioners today about just how much money he will rip out of their pockets if elected.
For the people of Lindsay, Mr Abbott wants to:
- Wind back tax cuts for more than 57,000 people;
- Scrap increases in payments for 21,100 pensioners;
- Cut assistance payments for 13,700 families; and
- Rip away the Schoolkids Bonus for 9,900 families.
A Penrith family earning the median family income of $118,000 with three kids – aged 7, 11 and 15 – where Dad earns $70,000 and Mum earns $48,000, will be $2300 a year worse off under Tony Abbott.
Dad will pay $253 a year more tax, and Mum will pay $303 a year more tax. They will lose $1640 in Schoolkids Bonus and $280 in household assistance payments.
Mr Abbott says he has a plan for Western Sydney, but his only plan is rip assistance away from families and pensioners.
Mr Abbott should come clean with Penrith families and pensioners and tell them what he will cut.