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Liberal & Labor put millionaires before the million unemployed with deal to pass tax cuts

Media Release
Adam Bandt 9 Oct 2020

Leader of the Australian Greens Adam Bandt & Economic Justice Spokesperson Nick McKim have today slammed a deal between the Labor and Liberal parties to ram through tens of billions of dollars in tax cuts and corporate welfare.

Liberal & Labor also opposed Greens amendments that would have excluded millionaires from the tax cuts, and ensured goods purchased with company tax credits were made in Australia.

“Liberal and Labor have put the millionaires ahead of the million unemployed,” said Mr Bandt.

“In the middle of a recession, it is rampantly obscene that Liberal and Labor have fast-tracked tax cuts for millionaires.

“Instead of fighting Tories, Labor is cuddling them.

“Liberal and Labor have rammed through major changes to Australia’s tax system with zero pause or time for scrutiny.

“This budget is a trickle down con-job that spends big, but spends badly, and will prolong the recession. It favours millionaires over the millions, and puts corporate welfare ahead of helping people recover from the pandemic.

“This was a chance for our government to invest in delivering full employment and meaningful work in clean industries, as well as investing in the care economy, education, affordable housing, renewables and sustainable infrastructure. Instead, Liberals and Labor chose a gas-powered future that delivers billions in corporate welfare and tax cuts for millionaires."

Lines from Greens Economic Justice Spokesperson Nick McKim:

“The Government and Labor worked together to block amendments that would have excluded millionaires from the tax cut, and ensure goods purchased with company tax credits were made in Australia,” Senator McKim said.

“Last night Anthony Albanese said the budget didn’t go far enough to boost Australian manufacturing - but today rejected a chance to fix it.

“These tax cuts deliver $2500 for millionaires, $250 for the working poor and a kick in the teeth for the unemployed.”

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