Turnbull's Budget fails Isaacs yet again

Last night Malcolm Turnbull had one last chance to fix five years of unfairness – and he failed.

The Hon Mark Dreyfus QC MP

Shadow Attorney General
Shadow Minister for National Security
Federal Member for Isaacs

 

 MEDIA RELEASE 

 

TURNBULL’S BUDGET FAILS ISAACS YET AGAIN

 

Last night Malcolm Turnbull had one last chance to fix five years of unfairness – and he failed.

 

Instead Mr Turnbull gave an $80 billion handout to big business through a corporate tax cut, while locking in cuts to schools, universities and Medicare.


Budgets are about priorities and this is a government that has prioritised tax cuts for big multinationals over better schools and hospitals. It's as simple as that.

Mr Turnbull's $80 billion big business tax cut would deliver $17 billion to the banks alone - the same amount the Liberals cut from schools when they broke their promise to match Labor 'dollar for dollar' on schools funding recommended in the Gonski report.

The government’s insistence on keeping the Medicare rebate freeze in place for years to come will force up out-of-pocket costs to see specialists and hurt residents of Isaacs.

The choice at the next election couldn’t be clearer: Labor will invest in schools and universities, end the Medicare rebate freeze and cap increases in health insurance premiums. The Liberals will rip away funding from hospitals, schools and the ABC to further boost the balance sheet of big business and the banks.


WEDNESDAY 9 MAY 2018