His policy will see many locals thousands of dollars a year worse off.

Mr Shorten plans to double tax pensioners and retirees in a bid to bail him out of a budget black hole he cannot pay for.

Since the Coalition was elected, we have continued to work to get the budget back under control despite regular opposition by Labor and the Senate.

Like all households, the Commonwealth must live within its means, however, in order to pay for its never ending list of promises, the party continually propose more taxes, debt and deficit.

Labor’s latest tax grab does not target wealthy retirees.

More than half of all refunded franking credits are paid to individuals who earn less than the $18,200 tax free threshold - including pensioners and self-funded retirees.

And 97 per cent of people who receive franking credit refunds have a taxable income below $87,000.

These are people who have worked hard, saved hard and paid taxes their entire lives.

Labor’s policy will hit any person who holds shares in a company and has a low income, including all retirees and those with low incomes and small shareholdings, including pensioners.

These changes once again show that Bill Shorten wants to penalise Australians for working hard.

He believes that raising taxes and increasing spending is always the answer.

But this double tax plan will simply leave pensioners and retirees worse off.

I can assure the electorate that the Coalition will not be adopting these policies proposed by Bill Shorten.