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Friday, 13th May 2005

Fairer Tax Reform For Hard Working Families In Grayndler


Labor will double the tax cuts for the eight out of ten Australian taxpayers who only received $6 a week from Costello’s Budget, said Anthony Albanese, Member for Grayndler.


Mr Albanese said, “The Howard Government has once again forgotten the hard working people of Grayndler - those nurses, teachers, tradesmen, labourers — the people raising our families — the 80 per cent of our taxpayers — the engine room of Australia. They received no tax cuts last year or this year. And in the next three, they get a measly $6 a week.”


Labor’s fairer tax reform is both balanced and fair.


Mr Albanese said Labor’s fairer tax package would:


• deliver up to a $9 weekly tax cut for those earning up to $25,000 — double the Government.


• deliver a minimum $12 tax cut for those earning from $25,000 to $70,000 — double the Government. And it would preserve the Government's tax cut for people earning from $70,000 to $105,000.


• deliver $40 to people who earn $105,000 and above — two-thirds of the Government's proposal.


“A worker or single income family in Grayndler on average weekly earnings ($50,000 p.a) will over the next four years gain $1,248 in tax cuts from the Howard Government. Under Labor's plan, the same family would receive $2,184.


A dual income family in Grayndler on $85,000 will over the next four years gain $2,496 in tax cuts from the Howard Government. Under Labor's plan, the same family would receive $4,368.”


Mr Albanese said Labor’s fairer tax plan will not put pressure on interest rates unlike the Howard Government’s plan.


A Beazley Labor Government will deliver to the people of Grayndler where the Howard Government has once again failed, by:


• Solving the skills shortage in Grayndler.


• Implementing a plan for rebuilding Australia’s infrastructure through Infrastructure Australia, and


• Providing some real incentive and reward hard work through fairer tax reform.


 “Labor will take a stand of principle for ordinary people in the Grayndler Electorate and they’d expect no less,” Mr Albanese said.


 


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Electorate Office

334a Marrickville Rd
Marrickville NSW 2204

Phone: 02 9564 3588

Parliament House Office

Parliament House
Canberra ACT 2600

Phone: 02 6277 7700

Phone: (02) 9564 3588
Fax: (02) 9564 1734
Email: A.Albanese.MP@aph.gov.au

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