Thursday, May 10, 2018

ACTU – Turnbull’s Budget For the Wealthy

We knew Turnbull’s Budget would be for the wealthy and big business. How could a Budget with $80 billion in corporate tax cuts to big business and the banks be anything but? 

But the devil is in the detail. When you scratch the surface you find a radically unfair budget looking to lock in inequality for years to come. Turnbull's unfair Budget represents a lot of what we need to change. Will you join our movement to change the rules?

Here are just three unfair aspects of Turnbull's Budget:

1. LOCKS IN UNFAIR TAXATION

Turnbull's tax reforms will put people who are on the full-time minimum wage of $37,000 per year in the same tax bracket as people earning $200,000 a year.

In seven years time, people earning the minimum wage of $37,000 per year will get a tax cut of only $3.76 a week, while those earning $200,000 a year will get a $137.60 per week tax cut.

Now that's obviously just not fair is it?

2. NO PLAN FOR WAGE RISES

The whole budget is also predicated on the idea that wages magically are going to go up. We know that pay rises don’t just fall from the sky.

Especially when on 1 July there's going to be a penalty rates pay cut again.
Especially when Turnbull won't even support increasing the minimum wage.

Especially when 40 per cent of the workforce is in insecure work and Turnbull is doing nothing about it. 

3. CUTS TO JOBS & SERVICES

Malcolm Turnbull is also cutting more public sector jobs in the Budget with 1,280 more jobs cut from the Department of Human Services.

There are already 55 million unanswered calls when people contact Centrelink. We can't afford to have more good jobs cut out of our services like that.

And there will be more debt collecting for welfare recipients. If you're unemployed or if you're on the pension or you're a family that relies on payments from Centrelink, you’re going to be hounded.

They're not going after the 732 corporations who paid no tax in 2015/16.

They're not going after the 62 millionaires who paid no tax, not even the Medicare levy.

They’re only going after pensioners that really don’t have that much money to begin with.

They have failed to deliver fair funding for schools and have cut funding of students with a disability.

There are new cuts to TAFE and apprenticeships. Vocational education and training is facing a 3% funding cut. 

There’s still no permanent pre-school funding and the continued freeze on university funding means tens of thousands of eligible students will miss out on a place at university.

They're cutting $87.3 million from the ABC, depriving Australians of reliable reporting on the affairs of their government.

They've failed to ensure safe staffing in aged care.

IT'S TIME TO TAKE ACTION 

There’s growing speculation that the Turnbull Government will use this radically unfair Budget to go to an election sooner rather than later.

Our growing movement for change will be ready. It’s time to throw this failed government out and change the rules. Will you join us?

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