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Pocock pushes for scrapping of stage-three tax cuts
Independent senator David Pocock was on RN speaking about the stage-three tax cuts, which he says should be “resisted” – no matter what was promised before the election.
What I’ve said is that they should be revisited … [Anthony Albanese] has a really strong case to relook at these these tax cuts and see what what else that could actually be spent on, given the you know the huge amount of money that they represent.
Things have changed a lot since these were where they decided. We’ve had bushfires, a global pandemic. We’ve had flooding and stagnant wages, and now people are in a cost-of-living crisis across the country. And so I just don’t think that we can justify handing out $240bn over the next 10 years to the wealthiest Australians.
Ultimately, when we hit the budget in October – which is where these issues get reviewed every year – when you look at the budget, there will be things that we want to do that we can’t do. And that’s the reality of a trillion dollars of Liberal debt, particularly as inflation goes up. That debt now costs a lot more than it costs even a year ago.
So there will be things that that we would want to do that people would like us to do that aren’t going to be possible as an example. It’s basically saying, ‘Yeah, this is just too too expensive.’
We’re only in the second month of that new system. A lot of it was designed before we came to office and the contracts had all been signed before we came into office. So I’m still very mindful of what we can do. But the the challenges of the people who are in the system right now are exactly as you’ve described.
I think to live on $46 a day is incredibly difficult if not impossible.
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