McGowan votes against bill
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.