House debates

Thursday, 29 February 2024

Statements by Members

Taxation

1:46 pm

Photo of Libby CokerLibby Coker (Corangamite, Australian Labor Party) Share this | | Hansard source

Did you know that under the Albanese government's new tax plan 13.6 million Australians, including 70,000 taxpayers in my electorate of Corangamite, are about to get a tax cut? It's all part of our mission to help you and your family with cost-of-living pressures. Under our tax plan, to kick in on 1 July, a worker in my electorate earning less than $45,000 will get a tax cut of $804. This is also good news for young people, who we know are under the pump when it comes to paying the bills and getting by, and this is good news for women, who often work in lower-paid sectors like education, care and health. Under our plan, all working women will now get a tax cut, with 90 per cent getting more money in their pockets than under the previous coalition government's tax plan.

The opposition first said they'd oppose our plan, then they said they'd roll it back, then they wanted an election on it, and then they rolled over and voted for it. Of course we know those opposite want people to work longer for less. Meanwhile, our tax cuts will make a big difference to people's lives. A retail worker on $32,000 will now get a tax cut of $414, a nurse on $76,000 will now get a tax cut of $1,579, and a teacher on $80,000 will now get a tax cut of $1,679. So, if you're a worker, you're a winner under this Labor government, because we— (Time expired)