Budget pits business against battlers, says Elliot
THE pre-election Federal Budget handed down on Tuesday night was pro-big business not battlers, said Federal Richmond Labor MP Justine Elliot.
Mrs Elliot said it offered tax cuts for millionaires but none for locals earning under $80,000 a year.
“A couple with a single income of $65,000 with three children in primary school are $3034 worse off a year – and receive no tax cuts,” she said.
“A single mother with an income of $87,000 with two children in high school is $4463 worse off per year.”
“Labor will put people first, while Malcolm Turnbull and the Nationals only look after very high income earners and big business.”
But National Party candidate for the Federal seat of Richmond Matthew Fraser said Labor and the Greens were like a broken record with their negativity.
A tax cut for small businesses was big news for a region with few large enterprises, Mr Fraser said.
Treasurer Scott Morrison has given a 2.5% cut to their tax rate, down to 27.5%, while also expanding eligible businesses from those earning $2 million or less to any firm earning up to $10 million.
“So that they can grow, improve and put on more workers,” Mr Fraser said.
Mr Fraser said he was excited about a new job-ready program which aims to maximise the chances of young job seekers under 25 of getting a job in a region with an unemployment rate of more than 8%.
Youths on welfare will be paid $200 a fortnight on top of the dole to complete internships as part of an $840 million program.
“It will involve employability skills training, internship placements, and youth bonus wage subsidies,” Mr Fraser said.
“School funding is up $1.2b above forecast growth, health is up $4.6b above forecast growth, we’re making multinationals and banks pay their fair share and giving small business a break,” he said.
Greens candidate for Richmond Dawn Walker said the Government was pretending it could afford “unsustainable and unfair tax cuts” for the big end of town by claiming unrealistic levels of economic growth while ripping money out of basic services.
“The Government has unfairly ripped $6 billion out of universities, welfare, Medicare and the public sector while giving more than $12 billion in tax cuts and tax breaks to business, high income earners and the super wealthy,” Ms Walker said.
She said the Treasurer had failed to mention global warming once.
“His speech had no plan to deal with the single greatest challenge facing our economy: the transition to clean energy that would power the new economy.”