Taxation
Background
The Treasury secretary recently defended government tax measures by stating revenue needs to be raised. The opposition leader sought confirmation on the net tax burden on Australians.
Question
The member asked whether the Prime Minister would confirm that Australians would pay $77 billion more in tax than they receive in benefits.
Answer from Anthony Albanese
The Prime Minister stated that recent legislation supports homeownership for young people, citing examples of first-home buyers in Bexley, Maribyrnong, and Maroubra. He argued that tax changes rebalance the market to assist these buyers. Additionally, he highlighted two tax cut measures: an automatic $1,000 tax deduction and the working Australians tax offset, asserting that the government supports lower income taxes while the opposition supports higher ones.
Summary in reported speech - not a transcript. AI-generated, so check the source.
Read on OpenAustralia · Official Hansard (APH) · 1 point of order raised