Deficit levy will be permanent: Bowen

Shadow Treasurer Chris Bowen says the deficit levy on high-income earners will be made permanent if the Labor Party wins office.

Shadow Treasurer Chris Bowen

Shadow Treasurer Chris Bowen Source: AAP

Shadow treasurer Chris Bowen appears to have contradicted his leader, saying the deficit levy on high-income earners will be permanent.

Earlier, Opposition Leader Bill Shorten said a Labor government would keep the budget repair levy for at least 10 years.

The two per cent temporary levy on those earning above $180,000, introduced by the Abbott government in 2014, is legislated to end in mid-2017.

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"I said on budget night that Labor would make the top marginal tax rate a permanent marginal tax rate," Mr Bowen told reporters in Sydney on Tuesday.

Tax relief across all income brackets would only be considered by a Labor government "when fiscal circumstances allow".


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Published 31 May 2016 at 4:30pm
Source: AAP