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Wednesday, 20 June 2018
Page: 3378

Second Reading

Consideration resumed of the motion:

That this bill be now read a second time.

to which the following amendment was moved:

At the end of the motion, add "but the Senate notes that the bill:

(a) significantly reduces the progressive nature of the income tax system;

(b) does not target low income earners, who are most affected by bracket creep;

(c) does not improve the living standards of those who are unable to find work;

(d) will not help reduce inequality; and

(e) locks in tax cuts that:

(i) are premised on economic forecasts that have a high degree of uncertainty; and

(ii) in 7 years' time, will constrain a future government's capacity to provide public services and to invest in public infrastructure".