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Labor’s Buffett-lite raises less than 4% of what a proper Buffett Rule would

Greens Treasury Spokesperson, Senator Peter Whish-Wilson, has called upon Labor to stop fiddling at the edges with top-end tax rorts and adopt a proper Buffett rule to get serious about addressing inequality.

Senator Whish-Wilson said, “What Labor proposed last night was the version of the Buffett Rule you adopt when Chris Bowen won’t let you have a Buffett Rule. A proper Buffett Rule would raise nearly $39 billion over the medium term, not a measly $1.3 billion.

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