A re-elected Liberal and Nationals Government will guarantee that there will be no new taxes on households and small businesses in the next term of government.
Premier Dominic Perrottet said this guarantee would provide certainty to businesses and family budgets.
“Families and businesses are already better off today and paying less tax than they were under the last Labor government,” Mr Perrottet said.
“Since 2011, our Liberal and Nationals Government has made 33 tax cuts, putting $10.5 billion back in the pockets of those who need it most.
“We’ve slashed payroll tax nine times saving thousands of businesses over $5 billion. We’ve also increased the taxable income threshold by $522,000 to $1.2 million, meaning small businesses are no longer burdened with any pay payroll tax and medium-sized businesses are saving $28,500 a year.
“Our landmark stamp duty reforms, which give first home buyers the choice of paying a small annual fee instead of a large upfront stamp duty payment, will save families $900 million over the next four years.
“We are making a commitment to families and businesses across the state that there will be no new taxes in the next term of government under the Liberal and Nationals, providing them with financial certainty as they manage their budgets.
“Only a Liberal and Nationals Government can commit to no new taxes thanks to our long-term economic plan to keep our state moving forward.”
Treasurer Matt Kean said only the Liberal and Nationals Government has the budget discipline and track record to grow the economy, create jobs and deliver vital services for NSW.
“Taxes will always be lower under a Liberal and Nationals Government,” Mr Kean said.
“Committing to no new taxes in our next term of government gives families and small businesses reassurance as they manage their budgets.
“During their last term of government, NSW Labor introduced or increased taxes at least two dozen times. When Labor can’t manage their budget, they come after yours.”
Be the first to comment