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Statement by Andrew Woodward

7 June 2018

Cowper dudded again by Malcolm Turnbull and The Nationals

New research released today by a Canberra based policy think-tank, The Australia Institute (TAI), shows the federal seat of Cowper is ranked 135th out 146 seats that will derive the biggest benefit from Malcolm Turnbull’s tax cuts.

The analysis indicates that that the three seats to benefit the most from the tax cuts are the Prime Minister’s own seat of Wentworth in Sydney’s east and two seats on Sydney’s north shore, North Sydney and Warringah, the latter held by Tony Abbott.

No National Party seats feature in the top ten beneficiaries. The Nationals have four of the ten seats on the list of those to gain the least benefit.

People living in Malcolm Turnbull’s and Tony Abbott’s electorates will get more than twice the benefit of those living in Coffs Harbour, Port Macquarie and elsewhere in Cowper.

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Source: TAI (see recources)

This is a sick joke. The Nationals and Luke Hartsuyker have let us down again. They love talking about their tax cuts but the benefits aren’t spread evenly. They help the rich get richer while we in National Party electorates struggle to make ends meet.

The Nationals supported this in Cabinet and in parliament. Why do they agree to this? Malcolm Turnbull is out of touch; the Nationals are out of ideas and Luke Hartsuyker is out of time.

Luke Hartsuyker didn’t stand up for Cowper on the tax cuts. He got rolled again by the Liberals and his masters in the Nationals. He’s run out of puff.

According to TAI, when the Turnbull plan is fully implemented in 2024-25, it would mean that someone on $41,001 would face the same marginal tax rate as someone on $200,000 and 83 per cent of all taxpayers would be in the same tax bracket.

More than half of people (51%) in Cowper earn less than $37,000 a year and 87 per cent earn less than $80,000.

New figures released on Wednesday by the Parliamentary Budget Office show the final stage of the personal income tax plan will give Australian men a $30 billion tax break by 2028, compared to $11 billion for women.

This is the sort of thing that creates inequality between city and country and between men and women. It is plainly unfair. Why does Luke Hartsuyker support this?

Luke Hartsuyker should be standing up for us. Instead, he stands up for the people of Sydney’s east and north shore.


Labor’s tax plan

Everyone earning less than $125,000 a year will receive a bigger tax cut under Labor compared to the Liberals. More than four million people will be better off by $398 a year compared to the Liberals.

  • An individual on $65,000 will receive a tax cut of $928 a year.
  • A couple earning $90,000 and $50,000 respectively will receive a tax cut of $1,855 a year.

Background

  • According to TAI, the analysis looks at the average change in disposable household income compared to the average change for the whole of Australia in 2024–25, which is the first year the income tax cuts would be fully implemented.
  • TAI News Release
  • Tax cuts statistics by an electorate

 

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Source: ABC (See Resources)

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