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Rudd Government delivers relief for working families.



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UNCLASSIFIED

M e d i a R e l e a s e

THE HON. WARREN SNOWDON MP Federal Member for Lingiari 1st July 2008

RUDD GOVERNMENT DELIVERS RELIEF FOR WORKING FAMILIES

From today the Rudd Government’s unprecedented level of support for Australian working families will kick-in.

Member for Lingiari, The Hon. Warren Snowdon MP, said the $55 billion Working Families Support Package will provide relief for families and local people doing it tough under the rising cost of living.

“There are significant financial pressures mounting on people in the Territory especially from petrol and groceries but also from increased housing, child care and education costs,” Mr Snowdon said.

“The Rudd Government understands this and is delivering on its commitments to ease some of these pressures.”

Key benefits that flow from July 1 mean a typical young Lingiari family will be $51.54 per week better off as a result of Budget initiatives which kick in the new financial year, starting from 1 July.

For example, if the family has with one child in primary school and another in child care, and they earn a combined $87,000 a year, they will get an extra $2,680 over the course of 2008-09.

And part of this is around $1,050 in tax cuts - or about $20 a week - directed towards low and middle income earners.

Mr Snowdon said the $55 billion Working Families Support Package was the centrepiece of the Rudd Government’s first Budget delivered in May and it included É Providing $46.7 billion of tax relief over the next four years;

É Introducing our Education Tax Refund to help parents with the costs of the kids’ education - at a cost of $4.4 billion;

É Increasing the Child Care Tax Rebate from 30 to 50 per cent and paying it quarterly - an investment of $1.6 billion;

É Acting on the housing affordability crisis with a $2.2 billion housing affordability package including our First Home Saver Accounts, a National Rental Affordability Scheme and a new Housing Affordability Fund;

É Providing a $491 million Teen Dental Plan; and

É Increasing the Medicare Levy Threshold from $50,000 to $100,000 for singles and from $100,000 to $150,000 for couples.

Media Contact: Kate Sieper 0488 484 689