Bar­nett praises ‘long term’ ap­proach

Southern Gazette (South Perth) - - NEWS -

PREMIER Colin Bar­nett has la­belled Tues­day’s Fed­eral Bud­get ‘re­spon­si­ble’, while Op­po­si­tion Leader Mark McGowan is call­ing for more for WA.

Fed­eral Trea­surer Scott Mor­ri­son pre­sented his bud­get on May 3 and Mr Bar­nett said it was re­fresh­ing to see a longer term ap­proach, rather than a year-to-year ap­proach,

“One of the best fea­tures of this Fed­eral Bud­get is the tax con­ces­sions for small-tomedium sized busi­nesses, some­thing that is par­tic­u­larly im­por­tant for Western Aus­tralia,” he said.

“I was pleased to see Perth’s de­fence man­u­fac­tur­ing in­dus­try was ex­plic­itly re­ferred to and ac­knowl­edged in the Trea­surer’s Bud­get speech.

“This Fed­eral Bud­get clearly addresses the struc­tural change that is tak­ing place in the Aus­tralian economy.”

Mr Bar­nett said the com­mit­ment to in­fra­struc­ture was good.

Mr McGowan wanted to see more money com­mit­ted for in­fra­struc­ture and rail.

Speak­ing from Thorn­lie train sta­tion on Wed­nes­day, where an ex­ten­sion has been flagged but not funded, Mr McGowan said the bud­get did not pro­vide any new money for WA.

“(The) Lib­eral Party take WA for granted; think they’ve got WA in the bag and so there­fore they don’t give us any­thing,” he said. From July, the Gov­ern­ment will in­crease the up­per limit for the mid­dle in­come tax bracket from $80,000 to $87,000 per year. From July 1, 2017, the Gov­ern­ment will re­duce ac­cess to gen­er­ous su­per­an­nu­a­tion tax con­ces­sions for the most wealthy. A 10-year en­ter­prise tax plan to boost new in­vest­ment, cre­ate and sup­port jobs and in­crease real wages, start­ing with tax cuts and in­cen­tives for small and medium-sized en­ter­prises. The cost for a packet of cigarettes is ex­pected to rise to $40.

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