Bank tax break criticised
UNIONSWA has released findings of an analysis of the Federal Government’s taxation measure, which they believe will benefit big banks at a cost to local services in the Pearce electorate.
UnionsWA secretary Meredith Hammat said the tax cut for big banks and loss of services such as schools, hospitals and roads across Pearce was estimated at $122.7 million.
“At a time when our local schools, hospitals, public transport and roads need more not less funding, the Federal Government is seeking to legislate tax breaks for the big banks,” she said.
“For every home in the Pearce electorate, those tax breaks for the big banks equate to $2048 less for Federal Government-funded services.
“We will take every opportunity to remind working people that tax breaks for the big banks cannot be justified.”
Pearce MHR Christian Porter said the UnionsWA claims were “half-truths and propaganda”.
“The suggestion by Unions-WA that funding to essential services such as schools, hospitals and roads is being cut in my electorate is just factually wrong at every level,” he said.
“Under the Federal Liberal government, funding to both hospitals and schools is at record levels in my community and continues to increase every year.”