For­rest pleads for busi­ness tax cuts

Pilbara News - - Election 2017 - Sharri Markson

An­drew For­rest says “self-in­ter­ested” La­bor and cross­bench MPs should be kicked out of Par­lia­ment if they refuse to agree to busi­ness tax re­lief.

Mr For­rest said “rot­ten poli­cies” were mak­ing Aus­tralia un­com­pet­i­tive and would lead to a mas­sive hit to the econ­omy.

“If we’re go­ing to whack on high Gov­ern­ment taxes, then don’t ex­pect any­thing but high un­em­ploy­ment and a low econ­omy,” Mr For­rest said. “Every­one in Par­lia­ment who votes in a way that’s not in the best in­ter­est of Aus­tralia, you’re just there for your own self-in­ter­est and you shouldn’t be in Par­lia­ment, pre­tend­ing you’re act­ing for oth­ers.

“As an Aus­tralian who came from noth­ing, if we don’t keep this coun­try from slip­ping fur­ther be­hind, we’ll all go back to noth­ing.”

Mr For­rest said Aus­tralia had among the high­est com­pany tax rates in the world, yet La­bor and cross­bench sen­a­tors con­tin­ued to block Turn­bull Gov­ern­ment plans to cut it from 30 per cent to 25 per cent over the next 10 years.

US Pres­i­dent Don­ald Trump wants to cut US com­pany taxes from 35 per cent to 15 per cent, Bri­tain is cut­ting them to 17 per cent and the av­er­age for OECD coun­tries last year was 25 per cent.

Mr For­rest said there needed to be com­pany tax cuts, power prices needed to come down, and the amount of labour reg­u­la­tion should be re­duced to stop Aus­tralia los­ing its po­si­tion in the world.

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