Labor, Liberals have no solutions to reducing debt: Palmer

Chairman and spokesperson for Trumpet of Patriots, Clive Palmer, has criticised Labor and the Coalition’s weak response to reducing government debt, saying the ‘uni-party’ had no solutions for the most pressing issues facing Australians.

Mr Palmer said Labor rushing through its $5 a week tax cuts and the Liberals’ tax breaks for business lunches showed just how out of touch the major parties were.

“These are not the pressing issues facing Australians. The real issue is the trillion dollars of debt we are saddled with. Labor and the Liberals have no solutions,’’ Mr Palmer said.

To reduce debt, the Trumpet of Patriots will place 15% licence fee on all iron ore exports from Australia.

“Australia is the key player in the world in iron ore. China has become a manufacturing superpower on the back of Australian iron ore and its economy is one of the largest in the world.

“By placing a 15% licence fee on all iron ore exports from Australia we can eliminate the government’s debt and free Australia to be all it can be,’’ Mr Palmer said.

Mr Palmer said Peter Dutton’s plan to allow first home buyers to take $50,000 out of their superannuation was no answer.

Trumpet of Patriots has three policy measures to deliver a lasting solution to the housing crisis: the construction of high-speed rail to open affordable land for housing, allowing Australians to access superannuation for home deposits, and capping interest rates at 3%.

“We can solve the housing crisis by establishing fast train rail tracks extending 120 kilometres from our capital cities, creating a 20-minute commute to the CBD.

“This will not only relieve traffic congestion but also unlock affordable land, making homeownership attainable for more Australians by bringing the cost of housing down by 50%,” Mr Palmer said.

Under the Trumpet of Patriots, Australians will be able to access up to 30% of their superannuation to fund a home deposit.

“This will give millions the opportunity to enter the housing market, reducing rental demand and ultimately driving down homelessness and poverty,” he said.

Mr Palmer said Australia’s balance sheet and financial rating could be leveraged to cap interest rates at 3%, preventing thousands of Australians from losing their homes.

The Trumpet of Patriots have also vowed to make education free for Australians by doubling the fees of the hundreds of thousands of foreign students who attend our universities.

“Australian academics have built our world class education assets which should be for Australians first,’’ he said.

“Where Labor and the Liberals promote trivial issues, the Trumpet of Patriots is for all Australians who have contributed to our great nation.

“It’s time to kick out the politicians and get Australia moving again. We can make Australia great. Vote 1, Trumpet of Patriots.”