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Budget may never return to surplus under Hockey’s ‘magic pudding’ tax cuts

Adam Bandt 25 Aug 2015

Greens Treasury spokesperson Adam Bandt MP today said new research suggests that Treasurer Joe Hockey’s mooted ‘bracket creep’ tax cuts may see the Budget never return to surplus, unless the government increases other taxes or introduces new spending cuts.

"We don't have a budget crisis but we will have a revenue crisis if a $25 billion hole is punched in the government's income stream,” Mr Bandt said.

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Stop the tax cuts arms race: Bandt

Adam Bandt 10 Aug 2015

In response to Treasurer Joe Hockey’s remarks today that rich people should be taxed less, Greens Treasury spokesperson Adam Bandt MP said the measure would make the revenue crisis worse. Mr Bandt called on Labor not to join the Treasurer in making the next Federal Election a tax cuts arms race.

“The Treasurer is out today again calling for tax cuts for rich people. He has said that high income earners in Australia need to be taxed less because apparently they have the potential of going to other countries to earn an income so we need to tax them less here,” Mr Bandt said.

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Greens Leader to states: Don’t fall for PM Abbott’s GST ploy

Greens Leader Christine Milne says the Abbott government is attempting to trick the states into talking about the GST, to distract from his brutal budget and the opportunities that still exist to raise revenue from his big business mates.

"My message to the states is: don't fall for Tony Abbott's GST ploy. The Prime Minister is trying to fool you and distract the community from his cruel budget cuts," Greens Leader Christine Milne said.

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