Budget: some relief, some pain
FEDERAL Member for Swan Steve Irons said last week’s budget would deliver tax relief for hard-working families.
“This tax plan backs hard-working Australians and will also drive jobs and growth across the country, with real benefits for individuals and businesses here in Swan,” Mr Irons said.
He said middle-income earners were bearing a growing tax burden.
“The Turnbull Government will prevent average full time wage earners from moving into a higher tax bracket, so that when they earn more they won’t be taxed more,” he said.
It will increase the middle tax bracket threshold from $80,000 to $87,000 from July 1, 2016.
“This will stop around half a million taxpayers from facing the second top marginal tax rate,” he said.
Mr Irons said 3790 average wage earners in Swan would be prevented from facing the 37 per cent marginal tax rate this coming financial year.
“By pushing up the tax threshold on the middle tax bracket we’ll keep average full time wage earners on the lower rate for longer,” he said.
The Government will also introduce a Low Income Superannuation Tax Offset from July 1, 2017 to ensure that low income earners were not paying more tax on their superannuation than they are on their take-home pay.
But Labor candidate for Swan, Tammy Solonec, said the budget would continue to widen the gap between the “haves and have-nots”.
She said it had not done enough to support the vulnerable, the disadvantaged or the environment.
“Sadly, the budget delivers almost
The budget will continue to widen the gap between the “haves and the have-nots”. - Labor candidate Tammy Solonec
nothing to people earning less than $80,000 per year,” she said.
“Seniors will have an astounding $1.2 billion taken from aged care.
“Single pensioners will be $366 a year worse off and couple pensioners will be $550 a year worse off under cuts to the Clean Energy Supplement.”
And cuts to the family tax benefit scheme and university course funding would affect families and youth.
“I'm very concerned at the continuing cuts to justice services that the vulnerable and disadvantaged rely on,” she said.
“Services like Sussex Street in Victoria Park are already stretched.”
Ms Solonec said people in Swan were being asked to tighten their “already tight belts” while the Government spends billions of dollars on defence.
“There is no mention of climate change or helping the environment, other than to continue Abbott’s ideological attack on environmental advocacy groups,” she said.
“And there is no substantial investment in public transport infrastructure, especially in WA where not a single new rail project has been funded.”