Tanya Plibersek, meanwhile, defended Labor’s stance on the third phase of tax cuts.
As I mentioned earlier, the UK government is withdrawing tax cuts for the wealthy. And as reported yesterday, a majority of Australia’s top earners support scrapping tax cuts to repair the federal budget.
Here is a relevant exchange between the Environment Minister and Radio National host Patricia Calvelas (edited for length and clarity).
Calvelas: As you know, the economy here is in crisis. Can we really afford to give the wealthiest Australians tax cuts?
Priversek: We went to the last elections and promised to continue them [tax cuts]Our real focus in tax reform is to ensure that large corporations and multinationals pay their share of the tax. That is the priority set by our treasurer. I think another really important contribution we can make to repairing the budget is addressing some of the injustices and wastes that the previous administration was involved in. [in].
Calvelas: Okay, but what do you think of the lessons from Britain?
Priversek: Well, what the UK does with their tax system is their problem.
Calvelas: So why would we go ahead with anything…is it also about tax cuts for the really wealthy?
Priversek: Well, these tax cuts haven’t happened. Not until 2024. Take a look at his October budget statement released by Jim Chalmers, take a good look at the state of the economy there, and workers plan to fix it. I mean, we’re in a pretty tough economic position. We are seeing global headwinds, potentially a global recession. All information must be obtained before making any further decisions.
Calvelas: Given the economic downturn,
Priversek: You can ask me in 6 different ways…
Calvelas: So let me ask you this question. Will you keep your promises without review if the economy changes dramatically?
Priversek: I think this is a conversation between you and the accountant. [or] Prime minister.
Calvelas: what’s your opinion?
Priversek: My view is to implement the Labor policies adopted in the last election.
https://www.brisbanetimes.com.au/national/australia-news-live-optus-reveals-150-000-passport-numbers-stolen-in-data-breach-rba-considering-more-interest-rate-hikes-20221003-p5bmue.html?ref=rss&utm_medium=rss&utm_source=rss_national Optus violation deepens. Independently reviewed by Deloitte. He criticized the repatriation plan of the Islamic State. Consider raising RBA interest rates. Nord Stream leaks stopped