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AGAINST – Bills — Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024, Treasury Laws Amendment (Cost of Living — Medicare Levy) Bill 2024; Second Reading

Sue Lines

Senator McKim, you foreshadowed a motion. Do you wish to move that now?

Nick McKim

I move:

At the end of the motion, add ", but the Senate:

(a) notes that these revised tax cuts will still make economic inequality in Australia worse by:

(i) giving politicians and CEOs on incomes of more than $200,000 three times the value of tax cuts compared to the average worker,

(ii) only providing the poorest 20 per cent of society with 0.4 per cent of the share of tax cuts next financial year, compared to the wealthiest 20 per cent of society who will enjoy 50 per cent of the total value of the tax cuts,

(iii) exacerbating the gender pay gap, with 42 per cent of the tax cuts going to women and 58 per cent to men, and

(iv) starving the budget by a jaw-dropping $318 billion over the decade, removing revenue that could support people who rely on aged care services, disability support, income support and families who depend on the public education and health systems; and

(b) calls on the Government to redesign the tax cuts to not give the wealthiest in society $4,529 a year and instead redirect this largesse to expanding public services like more mental health and dental into Medicare and financial support for those earning below the tax-free threshold in this cost of living crisis".

Sue Lines

The question is that the second reading amendment 2429 standing in the name of Senator McKim be agreed to.

Summary

Date and time: 6:55 PM on 2024-02-27
Senator Pocock's vote: No
Total number of "aye" votes: 10
Total number of "no" votes: 29
Total number of abstentions: 37
Related bill: Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024

Adapted from information made available by theyvoteforyou.org.au