Shorten doubles Turnbull’s tax cuts in budget reply

It seems to have become a battle of the tax cuts, with Opposition Leader Bill Shorten promising to almost double the coalitions tax relief offering.

The Labor leader replied to the Federal Government’s 2018 budget plan on Thursday night, using his speech to outline their financial plan for the country if elected.

According to Mr Shorten, people earning $25,000 will receive a $350 refund, increasing to $928 for people making up to $90,000.


“In our first budget, we will deliver a bigger, better and fairer tax cut for 10 million working Australians. Almost double,” Mr Shorten told parliament overnight.

“In our first term of government, a teacher on $65,000 will be $2780 better off under Labor. An extra $928 a year.”

Mr Shorten also said that under a Labor Federal Government there would be more funding for schools and hospitals.

However Finance Minister Mathias Cormann told reporters Mr Shorten’s $5.8 billion plan didn’t make sense.

“His numbers don’t add up,” Senator Cormann said.

“He’s spending the same money several times over, he’s spending money he already spent in the lead-up to the last election, on things that he recommitted to again today.”

“These are $200 billion in higher taxes which will hurt the economy, which will hurt families, and which will cost jobs.”