Local retirees have made their voices heard against Bill Shorten’s proposed Retiree Tax as part of The House of Representatives’ Economics Committee public hearings.
Speaking in front of a packed house at the New Peninsula Baptist Church this morning, local seniors spoke of how their retirements would be severely affected by Mr Shorten’s slug to their hard earned savings.
The Committee heard from numerous concerned locals, one of whom stood to lose significant savings under the proposed changes.
Federal Member for Flinders, the Hon. Greg Hunt MP and Federal Member for Dunkley, Chris Crewther MP, said the submissions matched the overwhelming outcry they heard from the local community.
“The stories the House Committee heard today are sadly the stories we have heard all too often as local members since this disastrous policy was first announced,” Mr Hunt and Mr Crewther said.
“We know that retirees with self-managed super funds will be worst hit by this policy, and today the House Economics Committee heard from our own locals who are set to lose a significant amount of their savings.
“Locals like those we heard from today have diligently saved and invested to pay for their own retirements, yet the decision of Mr Shorten to propose this tax would mean many of these locals will lose a significant portion of their retirement savings.
“This is not the top end of town, these are hardworking Australians who have planned and diligently saved for their retirements, only for Labor to try to move the goalposts.
“They do not want to have to rely on a Government Pension but Mr Shorten’s attack on their savings will leave many with no choice.
“This proposal by Mr Shorten shows that Labor can’t be trusted to manage Australia’s economy. When they run out of money, they end up coming after yours.”