Bill Shorten "By-elections, a 'referendum' on tax reform"

Opposition Leader Bill Shorten says hard decisions on tax reform mean Labor can give voters almost double the coalition's tax cuts at the next election.

Bill Shorten's 2018-19 Budget Reply

Opposition leader Bill Shorten's 2018-19 Budget reply Source: AAP

Bill Shorten is gearing up to fight a host of by-elections based on Labor's plan to almost double the coalition's tax cuts.

The opposition leader insists the upcoming polls, triggered by the dual citizenship saga, will give voters a choice between the coalition's corporate tax cuts and Labor's proposal for greater income tax relief.

"They are an early opportunity for Australians to judge, to make an early referendum, on what we saw in Tuesday night's budget," Mr Shorten told reporters in Canberra on Friday.

"If you want to give massive tax cuts to multinationals and big banks, vote for the Liberals and Malcolm Turnbull.

"If you want to see 10 million working Australians get better tax cuts - $928 per year for many of those Australians, if you want to get a better deal for working and middle class Australians, vote for us."

The Labor leader used his budget reply speech on Thursday night to announce support for the government's planned $530 offset for low- and middle-income earners - and then go further.

The $5.8 billion plan will give $350 a year refunds to people earning $25,000, rising to $928 a year for people earning up to $90,000.

Above that, the refund tapers down to $140 for people earning $120,000 a year.

But the coalition says Labor is planning to hike taxes across the board and still can't pay for all the spending the party has announced.

"Our plan is affordable, it is responsible, it is part of a long term plan for a stronger economy," Finance Minister Mathias Cormann told Sky News.

"He (Bill Shorten) is just running a blatant, dishonest, populist political agenda based on the politics of envy which would make Australia poorer."

Labor is also promising to scrap up-front fees for 100,000 TAFE students in high-priority industries to get more Australian apprentices into work, and uncap university places.

Mr Shorten is banking on Labor's changes to negative gearing, dividend imputation and capital gains tax to pay for the promises, as well as the decision not to match the government's corporate tax cuts.

He also promised to return the budget to surplus in 2019/20, the same year as the coalition.


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3 min read

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By AAP-SBS

Presented by Yang J. Joo

Source: AAP, SBS




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