Budget: massive tax cuts to the rich

This Budget gives massive tax cuts to the richest 5% of Australians but fails to give working families the financial lifeline they need to keep their heads above water says the ACTU

Responding to the release of the 2005 Federal Budget, ACTU President Sharan Burrow said:

"As a result of the last two Budgets high income earners stand to gain more than $130 a week in tax and superannuation relief while more than 75% of working people - everyone earning less than $58,000 a year - gets between zero and $6 a week.

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