Media Releases

LIBERAL SENATORS NEED TO EXPLAIN WHY A $65 BILLION CORPORATE TAX CUT IS GOOD FOR BRADDON

April 20, 2018

Tasmanian Liberal Senators have been called upon to explain why multi nationals should receive a $65 billion handout while funding has been cut to Braddon schools, hospitals and local apprentice numbers crash.

 Federal Member for Braddon Justine Keay said , “A new business survey has torn to shreds the Liberals’ claim that their $65 billion tax handout will lead to higher wages or more jobs, let alone being the wrong priority for our region.

 “A NAB Special Report on Company Tax Cuts showed that of the business surveyed that wanted tax cuts, only eight per cent would use them to significantly boost wages and only 14 per cent for significant jobs growth.

 “All up, less than a quarter of businesses would prioritise putting on more staff or increasing wages if they received a tax cut.

 “This comes on the back of a secret survey by the Business Council of Australia that found fewer than one in five of Australia's leading chief executives said  they would use the corporate tax cuts to increase wages or employ more workers.

 Justine Keay said, “The Liberals’ $65 billion tax cut for multinationals and the big banks won’t address the ongoing issues in this region.

 “The Abbott Turnbull Government has cut over $14 million from local schools, over $730,000 from the North West Regional Hospital and since being elected they have presided over the loss of 700 apprentices from this region.

 “Malcolm Turnbull needs to do the right thing in the Budget and ditch his $65 billion big business tax handout.

 “Rather than give tax breaks to big business and the banks, Malcolm Turnbull should be investing in our schools, hospitals and the future of our young people.

 “While he is at it, he should also end the freeze on the Medicare rebate which is seeing people pay more just to see their local doctor or access specialist medical services.”

 “Tasmania’s Liberal Senators need to explain whether they believe tax cuts for multi nationals is the right or wrong priority for this region?”

FRIDAY, 20 APRIL 2018

MEDIA CONTACTS: JOHN DOWLING (KEAY – 0417 575 148)