Opened the debate
Wilson argued that the budget was built on deceit and betrayed the Australian community by imposing new taxes on households and small businesses. Wilson claimed that real wages had fallen by three per cent and that an average couple with a mortgage was $32,000 worse off under the government. Wilson contended that the budget would reduce housing supply by 35,000 homes and impose a 30 per cent tax on testamentary trusts, citing the case of a family with a daughter with Down syndrome. Wilson asserted that the government was targeting aspiration and wealth creation, particularly affecting young Australians and those using employee share ownership schemes.