Barnett praises ‘long term’ approach
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.