Media Release – Liberals will cut infrastructure investment to pay for secret tax cuts – Tuesday, 16 April 2019
Scott Morrison must explain which public transport and road projects he will abandon to fund his secret tax cuts for the top end of town.
Research from the Grattan Institute reveals Mr Morrison will need to cut spending by $40 billion to pay for his unfair tax cuts. This casts new doubt over his never-never Budget promises of increased infrastructure investment.
The Grattan Institute analysis comes amid media reports today showing that of the rail and road projects announced in the Budget to ease traffic congestion in our cities, only 30 per cent of the promised funding will be provided in the next four years.
This confirms what Labor has been saying since Budget Night: this was a smoke-and-mirrors Budget full of promises on the never-never.
Voters who want real action on traffic congestion would have to re-elect the Liberals twice more before they see the bulk of Mr Morrison’s promised investment. That’s a long time waiting in traffic jams.
However, in light of the Grattan Institute research, Australians should expect that in fact these road projects will never materialise because Mr Morrison will need the money to pay for tax cuts to the top end of town.
Over nearly six years of cuts and chaos the Abbott-Turnbull-Morrison Government has slashed infrastructure investment. Budget papers show that over their first five budgets, they have delivered $5.1 billion less than promised.
The 18 May election is a choice between Labor’s plan for better public transport and real action on traffic congestion and Mr Morrison’s plan for more infrastructure cuts and bigger tax loopholes for the top end of town.
Our united Labor team is ready to deliver the infrastructure our nation needs to improve our quality of life while boosting productivity to drive economic and jobs growth.