Opened the debate
Taylor argued that living standards have fallen significantly since the government took office, citing increased mortgage costs, energy prices, and inflation. Taylor claimed that record government spending of over $350 billion has crowded out the private sector and led to higher taxes, including changes to franking credits and superannuation. Taylor criticised the proposed superannuation tax on unrealised capital gains, arguing it would force small business owners and farmers to sell assets to pay the tax. Taylor asserted that the opposition's plan to reduce inflation and boost growth through cheaper energy and housing supply offers a better alternative.