Mc­Gowan votes against bill

Benalla Ensign - - News -

Fed­eral Mem­ber for Indi Cathy Mc­Gowan said feed­back from the 2018 Indi Bud­get Sur­vey helped in her de­ci­sion to vote against the Gov­ern­ment’s Per­sonal In­come Tax Bill.

‘‘Feed­back from Indi peo­ple to the Bud­get Sur­vey showed a real con­cern for the gov­ern­ment’s in­come tax bill,’’ Ms Mc­Gowan said.

‘‘It also showed that the peo­ple of Indi want a fair tax sys­tem, which this bill does not en­tirely of­fer.’’

Ms Mc­Gowan said the tax sys­tem needed to be pro­gres­sive.

‘‘These tax cuts have three stages, with stage three be­ing the most un­fair,’’ Ms Mc­Gowan said.

‘‘I sup­port tax cuts for low and mid­dlein­come earn­ers, but I do not sup­port tax breaks for the wealthy.

‘‘I did not sup­port the el­e­ments of stage two that will lift the 37 per cent thresh­old from $90 000 to $200 000 by July 1, 2024.

‘‘I also did not sup­port a flat­ten­ing of the tax thresh­olds that will see some­one earn­ing $41 000 a year pay­ing the same mar­ginal tax rate as some­one on a $200 000 an­nual salary.’’

Stage one of the tax cuts will take ef­fect from July 1, this year.

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