MORRISON’S BIG FAT LIE ON THE TODAY SHOW

Scott Morrison has begun his Budget sell by lying about the impact it will have on low-and-middle-income families.

Appearing on television this morning, Scott Morrison said:

Presenter: You’ve announced tax cuts which amount to a person earning $300,000 a year ending up with more than $2,500 in their pocket.

Morrison: No.

Presenter: While someone on $60,000 a year loses $5,000 a year in family payments, is that fair?

Morrison: Well it’s not even true. So that’s why.

Presenter: You don’t agree with those numbers?

Morrison: In this Budget, the only tax change we’ve made to the tax schedule is the change to widen the middle income tax bracket from $80,000 to $87,000. Now that’s worth about, at its most, about $315 a year. We’re not increasing taxes anywhere else, we’re not cutting taxes anywhere else.

[Scott Morrison, Today Show, 4 May 2016]

 This is a blatant lie.

Page 8 of the Government’s own budget overview says:

“The Government is committed to ensuring that the $13 billion of unimplemented expenditure savings measures are passed by the Senate.”

This includes:

 

  • Cuts to Family Tax Benefit B for single parents when their youngest child turns 13;

  • Cuts to Family Tax Benefit end-of year supplements for all recipients.

More than 1.5 million families will be impacted by these cuts and more than one million of these families will not see a cent of tax relief.

And on top of these cuts, Scott Morrison now wants to take the Clean Energy Supplement away from new recipients as well.

Because of these cuts, a single parent with an income of $87,000 with two children in high school will lose $4,748 per year, even after the tax cut.

A couple with a single income of $90,000 and three children in primary school will be $3,044 worse off per year, even after a tax cut.

And families earning less than $87,000 will not see a cent of tax relief.

A sole parent with income of $65,000 and two children in high school will be $5,063 worse off per year.

Scott Morrison should be honest with families about the impact of his Budget.

Australian families know they have a choice this election.

Malcolm Turnbull and the Liberals will give tax cuts to millionaires and multinationals, while increasing the cost of living for ordinary Australians.

Labor will protect the household budgets of ordinary Australians. We’ll put people first.

WEDNESDAY, 4 MAY 2016

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ANNUAL IMPACTS ON FAMILIES WHEN CUTS ARE FULLY IMPLEMENTED

 

Family 1: Couple, single income of $87,000 with two children in primary school

They gain:

 

They lose:

 

  • $315 tax cut

 

  • $860 in SchoolKids Bonus
  • $1,806 in FTB-A and B end of year supplements
  • $124 in energy supplement

In total they are $2,475 worse off per year.

 

Family 2: Sole parent with income of $87,000 and two children in high school

They gain:

 

They lose:

 

  • $525 from the fortnightly increase to FTB-A
  • $315 tax cut

 

  • $1,712 in SchoolKids Bonus
  • $1,806 in FTB-A and B end of year supplements
  • $1,785 in FTB-B (as their base payment is reduced to $1,000 per year)
  • $285 in energy supplement

In total they are $4,748 worse off per year.

 

Family 3: Sole parent with income of $65,000 and two children in high school

They gain:

 

They lose:

 

  • $525 from the fortnightly increase to FTB-A

 

 

  • $1,712 in SchoolKids Bonus
  • $1,806 in FTB-A and B end of year supplements
  • $1,785 in FTB-B (as their base payment is reduced to $1,000 per year)
  • $285 in energy supplement

In total they are $5,063 worse off per year.

 

Family 4: Couple, income of $50,000 each two children in high school

They gain:

 

They lose:

 

  • $525 from the fortnightly increase to FTB-A

 

  • $1,712 in SchoolKids Bonus
  • $1,453 in FTB-A end of year supplements
  • $234 in energy supplement

 

In total they are $2,874 worse off per year. They receive no tax cuts.

 

Family 5: Couple, single income of $87,000, with a baby under one and a two year old

They gain:

 

They lose:

 

  • $525 from the fortnightly increase to FTB-A
  • $1,000 baby bonus increase to FTB-B
  • $315 tax cut

 

  • $1,806 in FTB-A and B end of year supplements
  • $146 in energy supplement

 

In total they are worse off by around $112 per year.

 

Family 6: Couple, Single income of $90,000, three children in primary school

They gain:

 

They lose:

 

  • $788 from the fortnightly increase to FTB-A
  • $315 Tax cut

 

  • $1,290 in SchoolKids Bonus
  • $2,532 in FTB-A and B end of year supplements
  • $325 in energy supplement

 

In total they are $3,044 worse off per year.


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