AUSTRALIA POLITICS: Shorten Argues: Limit Medicare Levy to High-Income Earners

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By Politicoscope May 11, 2017 12:14

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“Labor cannot support making people on modest incomes give up even more of their pay packet,” Opposition Leader Bill Shorten said.

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AUSTRALIA POLITICS: Shorten Argues: Limit Medicare Levy to High-Income Earners

Federal Labor will not support the Medicare levy for Australians earning less than $87,000 a year, arguing high-income earners must pay a greater contribution.

The Coalition want to increase the Medicare levy by 0.5 percentage points for almost all Australians, which would equate to an extra $375 a year for those earning $75,000.

Opposition Leader Bill Shorten has also used his budget reply speech in Parliament to call for the temporary deficit levy to be continued for high-income earners.

Mr Shorten has told Parliament that tax is unfair and wants it to be only be paid by the top 20 per cent of Australian wage earners.

“Labor cannot support making people on modest incomes give up even more of their pay packet,” he said.

“We’ll back the Government’s 0.5 per cent increase in the Medicare Levy … but only for Australians in the top two tax brackets.”

Mr Shorten says Labor will not stop the levy on Australia’s five largest banks, which is expected to generate $6.2 billion over the next four years.

But he says Treasurer Scott Morrison and Prime Minister Malcolm Turnbull must bear the political consequences if banks pass the costs to customers.

– ABC


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Politicoscope
By Politicoscope May 11, 2017 12:14

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