Senate debates

Tuesday, 16 October 2018

Motions

Taxation

4:24 pm

Photo of Richard Di NataleRichard Di Natale (Victoria, Australian Greens) Share this | Hansard source

I move:

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.

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