Greens’ Treasury spokesperson Senator Nick McKim has responded to the release of the Tax Expenditure and Insights Statement and the government’s proposed changes to superannuation tax concessions.
“The big question the government is yet to answer is, what will these reforms be used to fund? Labor’s Stage 3 tax cuts are the elephant in the room.”
“Modest changes to superannuation tax concessions to help pay for a $9,000 tax cut is just a money-go-round scheme for the rich.”
“Jim Chalmers is proposing to rob Peter to pay Peter.”
“Any budget that includes the Stage 3 tax cuts makes us a less equal society.”
“The Tax Expenditure and Insights Statement shows just how much tax breaks already favour the rich.”
“The Stage 3 tax cuts are only going to make this worse.”
“Labor cannot claim to be a party of the working class while they’re implementing a quarter of a trillion dollars in tax cuts, three-quarters of which go to the top 20% of income earners.”