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Budget fine print reveals tax cut scam

The Greens say the government’s centrepiece income tax cuts are a trickle-down scam as analysis reveals low and middle-income earners lose their ‘tax cuts’ after a year, while the wealthy keep them forever (see table below). 

The Greens are calling on Labor to reverse their support for the Liberals’ trickle-down tax cuts.

“Low-income earners’ tax cuts disappear after a year while the wealthy keep theirs’ forever,” said Greens Leader, Adam Bandt. 

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Budget Media Release: Senate must block trickle-down tax cuts that deliver for millionaires while leaving millions behind

The Greens are calling on Labor and the crossbench to block key elements of a terrible trickle-down Budget that spends big but spends badly, said Greens Leader, Adam Bandt MP, and Treasury spokesperson, Nick McKim.
 
The Greens said the Budget fails to invest in a green recovery to tackle the climate crisis, grow new industries and create jobs. The budget gives young people the finger and actively engineers a worse world for our children.
 

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Greens call on Labor and Crossbench to oppose unfair, wasteful tax cuts

Greens Leader Adam Bandt says Labor and the crossbench must join the Greens in opposing tax cuts to the super-wealthy, warning that Scott Morrison’s COVID recovery budget looked set to supercharge inequality and create a ‘lost generation’ of young people.

Shadow Treasurer Jim Chalmers refused to rule out supporting a fast-tracking of Stages 2 & 3 of the government’s $286 billion tax cut package, which overwhelmingly benefits people on higher incomes. Mr Bandt said with economists discrediting the Government spin that Stage 2 was ‘kinder’ than Stage 3, both should be opposed.

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Morrison’s manufacturing plan a thin cover for a trickle-down agenda

Greens Leader Adam Bandt says the Morrison Manufacturing ‘plan’ is being used as a cover for a raft of failed neoliberal ideas, from union bashing to corporate welfare to weakening environmental protections.

Greens Education spokesperson Mehreen Faruqi pointed out a massive contradiction in spending on manufacturing while cutting TAFE, higher education funding and research and development - critical to any country’s efforts to innovate in manufacturing. 

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Narrabri gas approval is more fuel for the fires

Greens Leader Adam Bandt and NSW Senator Mehreen Faruqi say the approval of the Narrabri Gas project is the first domino to fall in the Morrison Government’s gas executive-stacked energy plan, which flies in the face of the climate emergency and basic market economics.

The Narrabri Gas project is a climate disaster and it has just been approved, against the will of local farmers and the Gamilaraay Traditional custodians. 

Greens Leader Adam Bandt said:

“Scott Morrison and his gas cartel have just lit the fuse on a giant climate bomb.”

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Invest to recover: manufacturing plan must capitalise on zero carbon goods boom

Australian Greens Leader Adam Bandt has seized on reports today that show demand for Australian goods will increasingly be put to an emissions test as Scott Morrison floats a detail-free manufacturing plan.

“Whether it’s exporting our sunlight in green hydrogen form, or zero-emissions metals, Australia is in a box seat for a burgeoning mega-industry,” Bandt said.

“Renowned greenie-leftists, Goldman Sachs, are predicting green hydrogen will become a $12 trillion dollar industry by 2050.”

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JobKeeper retention, not tax cuts, as Greens to move in Senate to block JobKeeper reduction

With JobKeeper payments set to drop from Monday 28 September, the Australian Greens have today released Parliamentary Budget Office-backed analysis showing it would cost less to continue JobKeeper at its current rate through to March 2021 than to bring forward tax cuts for high income earners by even one year, as is reportedly being considered in the upcoming Budget. 

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Energy roadmap steers us off a cliff

Adam Bandt 22 Sep 2020

Following reports of the government’s energy roadmap, Leader of the Australian Greens Adam Bandt MP has slammed the plan, declaring it as a cover for an expansion of major fossil fuel projects. While reports indicate the roadmap includes references to green hydrogen, it places a focus on blue hydrogen made with fossil fuels and failed carbon capture technology, it locks in coal and gas, and has no science-based binding targets to reduce carbon emissions over the next decade.

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