In his first budget reply speech as opposition leader, Angus Taylor announced a proposal to index Australia's tax brackets to inflation starting in 2028-29. This initiative aims to combat bracket creep, which pushes workers into higher tax brackets due to wage growth and inflation. Taylor anticipates that 85% of workers will save approximately $1,000 within four years due to this change. Additionally, he introduced the Future Generations Fund, which will utilize 80% of budget windfalls from resource prices for debt repayment and infrastructure investments, with 25% of the spending directed to regional areas. Taylor also committed to increasing defence spending to at least 3% of GDP and raising the small business instant asset write-off cap from $20,000 to $50,000. Furthermore, he proposed linking immigration levels to the number of new homes built, and confirmed that only Australian citizens would be eligible for welfare payments. The Refugee Council criticized these measures, stating they could marginalize vulnerable groups. Taylor acknowledged the need for the Coalition to regain voters' trust with these new policies.