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| Small businesses are hurting (and closing) under Labor’s federal and state policies |
Labor’s wealth redistribution and bracket creep realities are one result of the federal stage 3 tax cuts adjustments and reversals and fiscal settings that have led to bracket creep.
These effects, amid persistent inflation, are squeezing small business owners and their ability to retain staff or invest in future capabilities. Small businesses face higher effective burdens without the scale of larger firms. Yet they are carrying a proportionately higher regulatory burden.
ASIC has reported record revenue of some $830 million in fines. The NSW government is riding high on the back of increased revenue from fines including small businesses. This is set to continue.
Terry Barnes wrote in the Morning Double Shot newsletter:
Michael de Percy is right. Small businesses can’t thrive under federal Labor’s anti-private enterprise and high-taxing regime, let alone state Labor’s payroll and other job-killing taxes. And that’s not including onerous government-mandated paperwork and compliance. But speaking as a self-employed small business type, the costs of going ‘on strike’ against Labor’s incessant demands on my bottom line is having the Australian Taxation Office out to crush both me, and my ability to put food on the table for my family and keep the lights on. How I’d love to tell the ATO to get knotted, but they know they have me, and hundreds of thousands like me, by the short and curlies.
My latest in The Spectator Australia, What if small businesses went on strike against Labor?
The Left are always on strike when they want something from Labor.
— The Spectator Australia (@SpectatorOz) July 21, 2026
But what about Australia's small businesses?
The forgotten community, with no bargaining power, that employ nearly half the private workforce?
The small businesses that are suffering the worst financial burden… pic.twitter.com/G2CiLGqFZs

