Tuesday, 16 October 2018
That the Senate—
(a) notes that:
(i) a company with a turnover of $50 million a year is not a small business,
(ii) corporate profits hit a record $335 billion, up 10 per cent in a year, while wages are at all time lows of 2 per cent, and
(iii) spending $3 billion on more company tax cuts will not reduce economic inequality and low wage growth; and
(b) calls on the Federal Government to instead reinvest that money into lifting Newstart for the first time since 1994, when it was lifted by just $2 a week.