Australian Politics – Bill Shorten’s Speech: 16 Spending Promises, Seven Tax Hits

Posted on Fri 05/12/2017 by

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By Andrew Bolt ~

The Australian Federal Government Treasurer Scott Morrison delivered the annual Australian Budget on Tuesday Night. This is the response from Opposition leader, the Labor Party’s Leader Bill Shorten.

Labor leader Bill Shorten last night gave a Budget reply speech that outspends and out-taxes even Malcolm Turnbull’s Government.

From Shorten’s speech, these spending promises or hints above what Turnbull is now promising already:

Australian Leader Of The Opposition Bill Shorten (Australian Labor Party)

… not cut $500 million from Indigenous services….

… reversing the unfair Medicare freeze immediately …

… a [banking] Royal Commission….

…more public housing

… not tell brickies and nurses to work til they’re 70. {Cutting the retirement age – more pensioners.]

… restore every single dollar of the 22 billion the Liberals have cut from schools…

… oppose… the Liberals’ cuts to universities

…. oppose… the increase in student fees

… oppose… the change in the repayment threshold [of students’ HECS debts]

… reverse the government’s new [$600 million] cuts to TAFE and training.

… create a new $100 million Building TAFE for the Future Fund…

… make sure Victoria gets the fair share of funding it deserves…

… build our energy network – with new pipelines and updated interconnectors…

… maximising local content and Australian steel in our infrastructure …

… expand pre-apprenticeship programs…

… double the number of Aboriginal and Torres Strait Islander Rangers…

Here are the spending cuts:

The United States has killed-off the Trans Pacific Partnership – so there’s no point wasting $162 million trying to revive the deal.

Unlike the Liberals we won’t spend $40 million on government advertising…

We won’t waste $300 million paying the states for regulatory reform they should be doing already….

We will not support setting aside $170 million for a divisive plebiscite nobody wants…

These are the tax hits Shorten also promised or hinted at – and note that he supports the tax hit on banks and the extra Medicare levy for people on more than $87,000 a year:

… not protect tax-breaks for property investors… negative gearing and capital gains – that’s $37 billion.

[The Liberals are] letting multinationals and tax minimisers off the hook – that’s $6.7 billion…

[The Liberals are] clinging on to their [tax cuts] for big business– that’s $65.4 billion…

[Keeping] the deficit levy… Labor will not support spending $19.4 billion on the wealthiest 2 per cent …

… cap the amount individuals can deduct for the management of their tax affairs at $3000.

{Reverse the Budget’s tax-break for people saving for their first home] .. a poison pill for superannuation …

… an emissions intensity scheme

Here are Labor’s promised tax cuts, compared to what Turnbull is promising:

We’ll back the government’s 0.5 per cent increase in the Medicare Levy … but only for Australians in the top two tax brackets.

You know how the economy is running show? Unemployment is too high? Real wages flat for six years? Debt exploding?

Under Labor, we’ll be in even deeper strife.

Andrew Bolt writes for the Herald Sun, Daily Telegraph, and The Advertiser and runs Australia’s most-read political blog. On week nights he hosts The Bolt Report on Sky News at 7pm and his Macquarie Radio show at 8pm with Steve Price.

Read more excellent articles from Andrew Bolt’s Blog . http://blogs.news.com.au/heraldsun/andrewbolt/

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