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More Labor lies: self-funded retirees will be better off under a Coalition Government

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Media Release

Senator Mathias Cormann Shadow Assistant Treasurer Shadow Minister for Financial Services and Superannuation Coalition Campaign Spokesman

Thursday 22 August 2013

More Labor lies: Self-funded retirees will be better off under a Coalition Government

A stronger economy driven by the Coalition’s positive plans for economic growth will deliver bigger company profits, bigger and more reliable dividend payments and greatly improved shareholder values.

The Coalition’s plan to ease cost of living pressures, cut taxes, boost employment growth and boost the profitability of businesses will benefit the entire economy in a positive move for shareholder returns.

You only need look at the Coalition’s record when in Government, with real wealth per person more than doubling under the Howard Government. Real wealth has fallen under the Labor Government.

Kevin Rudd and Labor will seek to blame this policy failure on the GFC, just as they do with every other one of their failures.

That excuse simply does not stand up to scrutiny when the Dow Jones Index, the FTSE Index and other key indexes around the world are back above their pre-GFC levels.

Self-funded retirees have been hurt by Labor over the past six years with higher taxes, increased red tape and lower superannuation fund performance on the back of a more slowly growing economy.

Both self-funded retirees and investors across Australia will be better off as a result of our plans to scrap the Carbon Tax, scrap the mining tax, cut red tape costs for business by $1 billion, restore the Australian Building and Construction Commission, not proceed with Labor’s $1.8 billion FBT hit on the car industry, as well as introduce a watershed Paid

Parental Leave policy - all of which will help drive stronger economic growth and job creation

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