The Senate has voted down the Turnbull Government’s signature corporate tax cut legislation, which sought to take money from public schools, hospitals and pensions, and hand it to big business.
The failure of the legislation represents a huge victory for the thousands of working people around the country who campaigned for a fair tax system, and for the millions of Australians who rely on services that would have been defunded to feed corporate greed.
Corporate tax cuts will do nothing to increase the pay of working people – something that is sorely needed at a time when wage growth is at near-record lows. Working people do not believe the trickle-down fantasies that this government is perpetuating.
It’s the second time in three days that the Turnbull Government has seen one of its signature policies fail, after the Prime Minister’s own party gutted the National Energy Guarantee.
Australian unions and working people will continue to campaign against policies that take money and power from working people and public services and hand it to big business.
Quotes attributable to ACTU Secretary Sally McManus:
“This is a major victory for the thousands of volunteers around the country who have stood up to corporate greed and the Turnbull Government.
“Working people will not accept a government that rules in the interests of big business.
“Trickle-down economics is a lie. Handing money to big business will not lead to pay rises for working people, and working people know that.
“At a time when working people desperately need fair pay rises to get on top of the cost of living, when work insecurity and inequality are at record levels, and when big business has far too much power, we need fair pay, secure jobs and better rights at work.
“Instead this government tried to hand tens of billions of dollars to big business at the expense of schools, hospitals, pensions and public services. We campaigned for fairness and we won.
“Working people will continue to campaign against policies that put big business greed ahead of fair pay and jobs we can count on.
“We will continue to change the rules so that Australia is a better and fairer place for everyone.”