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Joe Hockey Must End Big Banks $4.5bn Taxpayer Subsidy: Bandt

“Joe Hockey has been given another option today to balance the budget fairly without asking students to go into a six-figure debt,” said Deputy Greens Leader and Finance spokesperson.

“The Customer Owned Banking Association has revealed that Australians are giving the big banks $4.5bn every year by underwriting their ‘too big to fail’ status.

“The Abbott Government is forcing taxpayers to financially guarantee the big banks so that if they fall over we have to pay for the cost.

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Cormann’s Budget Sound Bites Don’t Cut It

“After a long winter break, the Budget is still unfair and the Government still has no plan to get it through Parliament,” said Mr Bandt.

“Repeating worn-out sound bites won’t pass the Budget.

“Mathias Cormann is flat out wrong to suggest that there is no alternative to the unfair and widely-detested Budget.

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Budget makeover won't wash: Bandt

Reports that the government is considering a Budget makeover won't make it fair, Acting Greens Leader Adam Bandt said today.

"You can put lipstick on a pig, but it is still a pig," Mr Bandt said.

"If you still have to pay more to go to the doctor or to university, the Budget is still unfair."

"Tweaking the Budget will still see the young, the sick and the poor bearing the brunt of the cuts."

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Abbott should reshuffle Cabinet and change Budget direction: Bandt

Tony Abbott should respond to his Treasurer's and Ministers' recent comments by rearranging his front bench and using the opportunity to ditch unfair Budget measures, said Acting Greens Leader, Adam Bandt.

"Tony Abbott's senior Ministers have broken the golden rule of Liberal party politics. They've stopped spouting three word slogans and told us what they really think, exposing that they don't share modern Australian values," said Mr Bandt.

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Hockey needs to be subbed off: Bandt

Tony Abbott needs to sub Joe Hockey off the field if he wants to make any headway with his Budget, Acting Greens Leader Adam Bandt said today.

"On same day that the Commonwealth Bank announces record profits, we see that wages growth is the lowest in 17 years and real wages are going backwards. Meanwhile Joe Hockey says the poor don't drive but the big banks should be let off the hook."

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Bank tax could fix Hockey’s Budget mess: Bandt

Joe Hockey should face reality and address the Budget's revenue squeeze by a levy on the big banks, instead of harmful cuts and slugging everyday Australians Greens Acting Leader Adam Bandt said today.

The Commonwealth Bank announced a record profit of $8.7 billion today.

"A modest levy on the big banks would raise twice the revenue of Joe Hockey's plan to slug patients with co-payments and extra charges," Mr Bandt said.

"Instead of trying to strongarm crossbench senators, Joe Hockey should make the big banks and big miners pay their fair share."

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Abbott, Hockey Knew Budget Would Hit Poor Hardest

Acting Greens Leader Adam Bandt MP said that Tony Abbott and Joe Hockey have been caught out on their Budget.

“Joe Hockey has been caught out hiding these damning figures by his own department,” said Mr Bandt.

“Tony Abbott and Joe Hockey have nowhere to hide now that the Treasury has confirmed that they knew their Budget would hit the poor hardest.

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Senate bins Hockey's 'Asset Recycling' Bill

The Asset Recycling Bill appears to be dead, buried and cremated, the Australian Greens said today.

The Senate has given Tony Abbott's backward-looking agenda another reality-check by insisting on substantial amendments protecting essential services from privatisation, and substantially increasing accountability measures. The House subsequently rejected the amended Bill.

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‘Big Four’s’ record profits mean it's time for bank levy: Bandt

Deputy Greens Leader and Finance spokesperson Adam Bandt MP said the Greens’ policy for a bank levy on the ‘big four’ banks has been given added impetus after reports that their profits are the biggest in the developed world for the fourth year running. “The ‘big four’ banks are making world-leading profits off the back of taxpayer subsidies,” said Mr Bandt. "It's time to end the age of entitlement for the big banks and make them pay their fair share.

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‘Big Four’s’ record profits mean it's time for bank levy: Bandt

Deputy Greens Leader and Finance spokesperson Adam Bandt MP said the Greens’ policy for a bank levy on the ‘big four’ banks has been given added impetus after reports that their profits are the biggest in the developed world for the fourth year running.

“The ‘big four’ banks are making world-leading profits off the back of taxpayer subsidies,” said Mr Bandt.

"It's time to end the age of entitlement for the big banks and make them pay their fair share.

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