The dirty deal between Labor and the Greens to pass through major red tape additions on business, oppose bigger tax cuts for small business, ban funding for gas infrastructure, and legislation to stack and sack the Reserve Bank confirms Labor speaks as one with the radical Greens on economic policy. 

 

This follows a week where Labor has consistently voted with the Greens on economic legislation.  

 

By voting with the Greens on the Reserve Bank rather than accept the Coalition’s clearly articulated red line issues, the Treasurer has confirmed he aligns with: 

 

• Calling for the RBA Governor to be sacked 

• Calling for the RBA to direct Australian businesses access to finance 

• Calling for climate change to determine whether Australians should face higher interest rates.  

 

The Treasurer would rather associate himself with these views than guarantee the independence of the existing Reserve Bank Board. 

 

This is just a taste of what is to come under a Labor-Greens Coalition and it is clear that every Greens economic policy is in play in a second term Albanese Government including:  

 

• Increasing taxes on the family home 

• Increasing taxes on Australia’s resources industry 

• Increased taxes on family trusts  

• Abolishing private health insurance  

• A wealth tax and taxing capital investment 

• Removing tax exemptions for religious organisations and schools 

• Increasing Australia’s company tax rate 

• Blocking investment in Australian companies on economic grounds 

• Demanding Australians’ super be spent on social policy instead of generating retirement outcomes  

• Funding state governments to buy private businesses 

• Breaking up Australian companies with no public interests test or shareholder and employment safeguards 

 

It is now clear all these policies are on the table under Labor. 

 

Jim Chalmers has demonstrated there is no institution he won’t forsake for his own ambition to be a revolutionary, not a responsible economic manager. 

 

This is a Treasurer more interested in achieving praise at dinner parties than helping Australians put food on the dinner table.  

 

Australians are poorer under a Labor and this week’s deal makes it clear: Australians can’t afford another three years of this reckless and incompetent government.  

 

Australian families, small businesses and retirees will pay the price for Labor’s partnership with the Greens. 

 

ENDS.