House debates

Monday, 3 June 2024

Statements by Members

Budget

4:13 pm

Photo of Shayne NeumannShayne Neumann (Blair, Australian Labor Party) Share this | | Hansard source

The Albanese Labor government's supporting the Fair Work Commission decision to raise the minimum wage for millions of Australians by 3.75 per cent this year. The coalition does not support that. The Albanese Labor government's delivering energy rebates for every household, providing rebates for eligible small businesses. When the coalition last had an opportunity to vote on that, they voted against it.

On 1 July this year, in 28 days time, every taxpayer in my electorate of Blair—80,000 people—will get a tax cut as part of the Albanese Labor government's 2024-25 budget. The average tax cut for taxpayers in my electorate will be $1,380, or $26 a week. Under Labor's plan, 90 per cent will be better off. That is great news.

We're delivering a bigger tax cut for people on low and middle incomes who are doing it tough. People earning less than $45,000 a year—that is, 2.9 million Australians—will now get the tax relief they deserve, which they would not have got under the Morrison government. Under our plan, more women will get a bigger tax, while local nurses, teachers and truck drivers in my community will be the big winners with more than 95 per cent of these taxpayers getting a bigger tax break. That is because we want people to keep more of their wages and salaries and to earn more, and those opposite will not support them earning more or keeping more of what they earn.