House debates

Wednesday, 14 February 2024

Statements by Members

Taxation

1:43 pm

Photo of Cassandra FernandoCassandra Fernando (Holt, Australian Labor Party) | Hansard source

Labor's amendments to the stage 3 tax cuts represent a leap forward in our nation's journey towards economic fairness and social equity. They mean that 90 per cent—90 per cent!—of taxpayers in my electorate of Holt will get a larger tax cut than under the coalition, from fast food workers to IT professionals, from my former colleagues at Woolworths to migrants like my parents, who have journeyed to our shores. Only the Labor Party stands up for Australians who are doing it tough, and these changes are proof of that. Our plan will give all 13.6 million taxpayers a tax cut. It will mean that 2.9 million more people will receive a tax cut compared to Scott Morrison's plan from five years ago. This includes minimum-wage and part-time workers like many of our nation's youth. These workers, of whom I used to be one, received zero support under the coalition's plan. That's right—zero.

This is the difference between Labor and the coalition. The Labor Party is here to support every single person; the coalition is here to support only those in the top percentile of society.

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