Graham Perrett (Moreton, Australian Labor Party) Share this | Hansard source

Last night the Treasurer delivered the Turnbull budget, which purported to be a plan for jobs and growth but is really a plan for cuts and unfairness. It delivers tax cuts for the banks and multinationals at the expense of Australian families, particularly those in Moreton. It is a Liberal budget to its core. There are cuts to schools, cuts to Medicare, cuts to families that will increase their cost of living, cuts to higher education, cuts to veterans' hospitals, a GP tax by stealth and tax breaks for banks and multinationals.

For families in Moreton this will mean that a couple on a single income of $87,000 and with two children in primary school will be nearly $2,500 worse off. A sole parent with an income of $65,000 and two children in high school will be nearly $5,000 worse off. A couple with an income of $50,000 each and two children in high school will be over $2,500 worse off each year. A couple with an income of $90,000 and three children in primary school will be nearly $3,000 worse off each year—all this while millionaires will receive two tax cuts and be $16,715 better off each year.

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