A spokesman confirmed the government knew when it put the budget together there would be a backlash over the measures, especially from its core conservative constituency.
“We knew that our base was going to jump up and down about it,” he said. “We knew and we were planning for all of that.”
Despite uproar among the conservative base, led by such groups as the economically dry think-tank the Institute of Public Affairs, which believes the $1.6 million cap and and the $500,000 lifetime limit to be retrospective, the government is holding its ground.
One senior source said despite the unhappiness, the Coalition did not anticipate losing many votes given those affected were hardly likely to vote Green or Labor.
Indeed – there is no reason to vote either Greens or Labor. But there are plenty of reasons to vote for serious Senators who can be trusted not to sell out on economic principles and values. So think about voting for the Liberal Democratic Party and Family First.
The Liberal Democratic Party will launch a campaign within days to convince disaffected Liberals to reject the “tax grab”, while Family First will make the issue a key part of its message to voters in marginal seats across the country.
Remember it’s your money and your vote.