‘Lying is their way’: Credlin exposes litany of broken promises from Labor ahead of budget

Remember this.

My word is my bond.

And yet after four years in office, Australians know this bloke couldn't lie straight in bed.Tonight, when the Treasurer gets to his feet, and as I said, just over an hour, big changes will be made to the rules around investment properties in this country.Rules that you rejected at the 2016 and 2019 elections.Rules that the Prime Minister himself personally has ruled out.This was September 2024 with my colleague, Peter Stefanowicz.

Well we have no plans to touch or change negative gearing.

If we go to the current issue of negative gearing capital gains tax, might you change?

Well it's not a current issue.Even though it certainly is on the front pages of every paper at the moment.Well if you ask the same question Peter, you get the same answer.Well I'm not getting a response to it, so can I ask again, could those plans change?Yes you are.Yes, you are.

You're not listening, Peter.You've already asked it and I've already answered it.Yeah, but I'm asking, you said no plans, but could plans change?And I mean, well, Peter, if you want to keep interrupting me, then this won't be, we won't get anywhere.

And this exchange with another colleague, Andrew Clunell.

I'm going to ask you straight up.Are you considering altering the capital gains tax discount in this country?

What we're considering doing is handing out a budget, Andrew, on the second Tuesday in May.So no CGT change?

Our focus, as I've said, is tax cuts.I assume you wouldn't take a change like CGT to a budget not long after elected.If you're going to change something like that, you would feel you'd have to take it to an election, wouldn't you?Well, we're focused on the tax cuts that'll come in on July 1st.

And then this during last May's election campaign in the televised debate on Channel 7.

Negative gearing is off the table.Yeah, it's off the table.

Off the table.Indeed, Albanese was so often asked about changes to negative gearing and capital gains that eventually he lost his cool just days out from the election.

Can you rule out any changes to negative gearing and capital gains tax?Yes.How hard is it for the 50th time?

How hard is it?Well, who can be surprised because this bloke has form.

Reducing power prices by $275.$275 a year.$275.$275.$275 a year.

That promise repeated over 90 times.And the reality?Well, electricity is up 32%, gas is up 34%.Then this, when asked to confirm rumours of the return of women connected to the Islamist terror group, Islamic State.

What actions has your government taken to guarantee the safety of Australians if these people return?

Go to the Prime Minister.

Those reports are not accurate.We are not repatriating these people.We have made it clear.We have not provided any assistance, nor were we involved in those actions of the Syrian government.We've provided no assistance for these people.We're not repatriating them.

Well, you gave them 34 passports at the start of the year.And here they are now, back in Australia.Eligible for all manner of taxpayer welfare and support.Before they were elected, Labor promised that they would remain strong supporters of the state of Israel.Said Labor's National Secretary, Paul Erickson, And yet once safely elected, we got this from Labor.

Australia will recognise the state of Palestine.Australia will recognise the right of the Palestinian people to a state of their own predicated on the commitments Australia has received from the Palestinian Authority.

And no action, no arrest, no condemnation about this on the streets of the electorate of Home Affairs Minister Tony Burke.

I'm smiling and I'm happy.

On immigration, Labor lies big.

When it comes to migration numbers, we have cut the net migration figures by over 40 % in a year.The number of people arriving now is lower than it was under the coalition.

Well, the reality is it has never been higher in Australian history.Under Albanese, years and years of record high immigration to this country.And all these people, too many too quickly, is what's fuelling cost -of -living pressures and shattering young Australians out of the housing market.Not to mention Labor's willingness to import the sort of hatreds that have never been a part of who we are.In terms of you and your family, your ability to make ends meet, this was Anthony Albanese's promise to voters.

Under our plan, no family will be

And this too, just last year, in his Budget speech from the Treasurer.Yet the truth is, inflation is not down, It is up.

Inflation in Australia was already too high before the recent conflict in the Middle East began.We've already seen expectations for inflation over the next year or so increase and we need to ensure that this does not lead to higher inflation expectations over the longer term.

And despite what Jim Chalmers said, incomes are not rising.The fact is that since the Albanese government was elected in 2022, real wages have fallen 2 % and for working families, real wages have fallen by about 9%.Worse still, economist Shane Oliver has forecast that real wages will not return to 2020 levels for another eight years, not until 2032.Charmers said interest rates are coming down, but they're not.They're not, are they?

These second round effects could lead to even higher and persistent inflation, and if so, would require even more tightening in monetary policy to get inflation under control.

That's the Reserve Bank Governor and we're talking of three, maybe four interest rate rises this year.So far since they were elected, Labor's presided over 15 interest rate rises.Fifteen!And while he might be able to afford his $4 million beach home, families with an average mortgage are now paying more than $29 ,000 extra in interest alone per annum than they were when the Prime Minister took office.was first elected.And that other claim, that debt is coming down, will give me a break.

$964 .2 billion tonight is where our national debt stands.And that doesn't even include state debt, States like the basket case of Victoria, where he's just thrown another $4 billion into the state's controversial suburban rail link, a train line to nowhere that no one wants, other than the corrupt CFMEU officials, which have siphoned off billions.How is it that just 20 years ago, we were debt free?And to justify themselves, you are already hearing a lot about intergenerational equity, about fairness.And when you do, remember this from the last man who actually managed to curb government waste and pay off debt.

I started talking about intergenerational equity 20 years ago and it was all about restricting your spending so you didn't need higher taxes.That's what they should have been doing.

Tonight when the Treasurer gets to his feet and tries to make you believe that there was no other option but to break their promise not to touch property taxes, remember this.For this Prime Minister, for this Treasurer, breaking promises is not new.It's no once -off.Indeed, lying their way to an election win is what Labor does best.

Voters can expect that there'll be a budget that's consistent with Labor values.

Absolutely.Because Labor values lying is the Labor way.