Senate debates

Thursday, 4 July 2019

Bills

Treasury Laws Amendment (Tax Relief So Working Australians Keep More Of Their Money) Bill 2019; Second Reading

10:02 am

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

If the member for Kooyong is being honest, it's irresponsible—although I will say, Acting Deputy President, that it was a quote from the then shadow Treasurer. So, if you're going to make an adjudication, you might want to consider your ruling again.

These tax cuts leave income earners short-changed. That was the view of the then shadow Treasurer. He said:

… the Liberals are so out of touch that they've given a much smaller tax cut to two million Australians earning less than $40,000.

He's absolutely right. So vote against it! Stages 2 and 3 of the tax cuts, which begin in 2022 and 2024 respectively, are 'fiscally reckless and irresponsible'. Yet here we have the Labor Party supporting at least part of that package, and potentially all of it. At the time, the now Leader of the Opposition said:

We think that stage three, at a cost of some $95 billion down the track … is really a triumph of hope over economic reality.

Jim Chalmers's view was:

It makes no sense to support the third tranche which comes—

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