Opened the debate
Hogan argued that the government's tax increases, including changes to capital gains tax and negative gearing, have damaged the risk-reward ratio for entrepreneurs and small businesses. Hogan claimed that high net overseas migration of two million people over five years has exacerbated the housing shortage and driven up rents. Hogan stated that core inflation in Australia was 3.6 per cent, significantly higher than in comparable nations, and attributed this to government spending. Hogan criticised the government for failing to deliver on promises to reduce energy bills by $250, arguing that net zero policies were driving up costs. Hogan outlined opposition plans to implement a tax-back guarantee to index tax brackets to inflation and to tie migration levels to new housing construction.