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Buffett Tax, deficit levy and undoing top-end tax cuts a fairer way to raise revenue

Greens Treasury spokesperson, Senator Peter Whish-Wilson, is calling on the Parliament to implement a Buffett Rule to make sure that executive fat cats don’t rort the tax rules so they pay less than the average wage earner.

Senator Whish-Wilson said, “If we were to make the deficit levy permanent and were to undo the $315 tax cut to the top 20% of income earners we would have a much more progressive income tax system and raise almost three-quarters of the amount that a flat increase to the Medicare Levy would raise.

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