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You can find the current article at its original source at https://www.theguardian.com/australia-news/live/2018/jun/21/coaltion-labor-politics-live-tax-turnbull-shorten
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| Tax legislation passes in Senate in its entirety – as it happened | |
| (35 minutes later) | |
| We are finishing up a little earlier than usual this afternoon. I have an unavoidable appointment, I’m afraid. | |
| It has been a looooong week, and we have another one ahead of us next week, so we’ve all earned an early mark, I think. | |
| Go get some sunshine. Or at the very least some fresh air. Or a mint slice. | |
| Now that tax, for the most part, is passed the Senate, you can expect the energy battle to start heating up next week – but just within the government party room. Josh Frydenberg has so far managed to hold off Tony Abbott’s insurgency but he has one more party room meeting to get through, and then an entire week of parliament, where all sorts of side meetings get to be held, before he meets with the energy ministers for Coag. | |
| Doesn’t that sound like fun? | |
| So enjoy this weekend, make sure you get some disconnect time, and we’ll see you back here bright and early on Monday for the next round of insanity, which promises to be turned up to 11, given that it is the last sitting until 13 August. | |
| A massive thank you to the Guardian’s brains trust and to Mike Bowers, who all came together to drag me through another week. | |
| And, as always, to you all for reading and tweeting and messaging. It does mean a lot. | |
| Take some time to recharge – and remember: take care of you. | |
| Richard Di Natale had a chat to Sky a little earlier: “Pauline Hanson is a fraud and she should be called out for it.” | |
| We didn’t get to them earlier, because of question time, but Mike Bowers was running around those post-tax-package-passing press conferences a littler earlier: | We didn’t get to them earlier, because of question time, but Mike Bowers was running around those post-tax-package-passing press conferences a littler earlier: |
| The Business Council is happy with the tax package passing but says there is more to do. It’s not giving up on passing the corporate tax cuts. From its statement: | |
| “We commend the Senate today for taking the first of two critical steps in improving our tax system by passing the income tax changes and urge the parliament to take the second step and deliver Australia a competitive company tax rate, the Business Council of Australia’s chief executive, Jennifer Westacott, said today. | |
| “Personal and company tax reform done together is good for workers, good for jobs and good for the economy. Now is the time to turbo-charge the economy. | |
| “The changes to personal income tax preserve the progressive nature of our system but encourage and reward aspiration and effort. | “The changes to personal income tax preserve the progressive nature of our system but encourage and reward aspiration and effort. |
| “It means Australians will keep more of their hard-earned money when they receive a promotion or get a few extra hours of work. | “It means Australians will keep more of their hard-earned money when they receive a promotion or get a few extra hours of work. |
| “Without the change, in a decade’s time the average worker would be faced with paying an extra $3,000 tax a year in today’s dollars. | |
| “Fixing our business tax system will mean Australian businesses can better compete in an environment where tax rates across the globe are falling sharply. | “Fixing our business tax system will mean Australian businesses can better compete in an environment where tax rates across the globe are falling sharply. |
| “Australia’s 30% top company tax rate has been frozen in time for 17 years and is now out of step with nations such as the UK which is moving to 17%, the US which slashed its rate from 35% to 21%, and even France which has announced plans to drop its rate from 33 to 25%. The OECD average is 24% and in Asia it is 21%. | |
| “We are kidding ourselves if we think we can impose one of the highest tax rates in the developed world on Australian businesses and expect them to continue to thrive, invest and create jobs. | “We are kidding ourselves if we think we can impose one of the highest tax rates in the developed world on Australian businesses and expect them to continue to thrive, invest and create jobs. |
| “Failure to give Australia a more competitive business tax rate means we will leave $18bn a year bigger economy on the table. | “Failure to give Australia a more competitive business tax rate means we will leave $18bn a year bigger economy on the table. |
| “We need to get the settings right for business to improve competitiveness to continue to drive economic growth. | “We need to get the settings right for business to improve competitiveness to continue to drive economic growth. |
| “It is time to end the nonsense that economic growth is at odds with fairness. When business thrives, Australia thrives. We cannot have a fairer society without a strong business sector.” | “It is time to end the nonsense that economic growth is at odds with fairness. When business thrives, Australia thrives. We cannot have a fairer society without a strong business sector.” |
| Having made mention of his “loyalty”, Pauline Hanson confirmed Peter Georgiou will lead the WA One Nation Senate ticket. | |
| From Mike Bowers to you: | From Mike Bowers to you: |
| My count of the aspiration/aspires – 35 | My count of the aspiration/aspires – 35 |
| Mystified – 11 | Mystified – 11 |
| One Nation - 6 | One Nation - 6 |
| Arrogant – 1 | Arrogant – 1 |
| After Steve Ciobo promises us a “more aspirational future” , question time ends. | After Steve Ciobo promises us a “more aspirational future” , question time ends. |
| Jim Chalmers to Malcolm Turnbull: | Jim Chalmers to Malcolm Turnbull: |
| By the time they are fully implemented, stage three of the government’s personal income tax scheme and its big business handout will cost the budget at least $25bn a year. Why is the government giving $25bn every single year to big business and the top 20% of income earners when gross debt has already reached a record half $1tn under this prime minister? | By the time they are fully implemented, stage three of the government’s personal income tax scheme and its big business handout will cost the budget at least $25bn a year. Why is the government giving $25bn every single year to big business and the top 20% of income earners when gross debt has already reached a record half $1tn under this prime minister? |
| Turnbull: | Turnbull: |
| “As the honourable member knows, net debt is peaking this financial year as a share of GDP and we have turned the corner on the debt that the Labor party left us with. And we are backing hard-working Australian families to keep more of the money they have earned. We believe in the aspirations of hard-working Australian families, we want them to realise their dreams. We want them to be able to get ahead. We want them to be able to aspire to do all the things that a strong economy enables them to. Labor is standing in the way. Labor talks about health but undermines the strong economy that enables us to pay for it.” | “As the honourable member knows, net debt is peaking this financial year as a share of GDP and we have turned the corner on the debt that the Labor party left us with. And we are backing hard-working Australian families to keep more of the money they have earned. We believe in the aspirations of hard-working Australian families, we want them to realise their dreams. We want them to be able to get ahead. We want them to be able to aspire to do all the things that a strong economy enables them to. Labor is standing in the way. Labor talks about health but undermines the strong economy that enables us to pay for it.” |
| It’s so nice to hear the government supports me in my aspiration/dream to ride a unicorn down a rainbow to visit a mer-cat. | It’s so nice to hear the government supports me in my aspiration/dream to ride a unicorn down a rainbow to visit a mer-cat. |
| Greg Hunt continues: | Greg Hunt continues: |
| “If you can’t manage the economy, you can’t manage health AND LABOR WILL NEVER BE ABLE TO MANAGE THE ECONOMY.” | “If you can’t manage the economy, you can’t manage health AND LABOR WILL NEVER BE ABLE TO MANAGE THE ECONOMY.” |
| The result of the division is: | The result of the division is: |
| Ayes: 61 | Ayes: 61 |
| Noes: 75 | Noes: 75 |