Labor leader promises bigger tax cuts for Australians in budget reply

Budget 2018: Bill Shorten is detailing Labor's economic counter-attack in his Budget reply tonight, promising bigger tax cuts to Australians.

Australian Opposition Leader Bill Shorten delivers his Budget reply speech 2018 in the House of Representatives Question Time at Parliament House in Canberra, Thursday, May 10, 2018. (AAP Image/Lukas Coch) NO ARCHIVING

Australian Opposition Leader Bill Shorten delivers his Budget reply speech. Source: AAP

A Labor government would give Australians bigger tax cuts and sooner, according to the Opposition Leader Bill Shorten.

The Labor leader is delivering his Budget reply speech in Parliament tonight.

“I'm here to outline Labor's plan to bring the fair go back into the heart of our nation,” he told the House of Representatives.

The Coalition and Labor have unveiled competing tax plans in what is shaping up as the key battleground in the upcoming by-elections caused by the dual citizenship saga.

“It is a time for a fair dinkum tax cut for middle-class and working-class Australians,” he said.

The Opposition Leader committed to tax cuts for 10 million working Australians.

“In our first term of government, a teacher earning $65,000 will be $2,780 better off under Labor, an extra $928 each year," he said.

"A married couple, one serving in our Defence Forces, earning $90,000 and the other working in aged care on $50,000 will be $5,564 better off under Labor. A combined $1,855 extra each year under Labor,” he said to applause from his Labor colleagues.

“Under Labor you will pay less income tax because I think that you are more important than multinationals, big banks and big business.”


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By Myles Morgan, Justin Sungil Park




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