26 Mar 2018

Ordinary workers, workers that are battling to put food on the table, put shoes on their schoolkids feet, are subsidising the rich and wealthy, according to research from Anglicare and Per Capita.






SUBJECT/S: Corporate tax cuts


SENATOR DOUG CAMERON, SHADOW MINISTER FOR HOUSING AND HOMELESSNESS, SHADOW MINISTER FOR SKILLS, TAFE AND APPRENTICESHIPS:   It’s interesting to see the Anglicare report that’s out this morning saying that the benefits to the rich and wealthy in this country equal about $68 billion and they are costing ordinary workers about $37 a week.


Ordinary workers, workers that are battling to put food on the table, put shoes on their schoolkids feet, are subsidising the rich and wealthy by $37.


This is why Labor has determined that we want a fair system, that we want to make sure the rorts in the tax system are gone, that people shouldn’t be subsidising negative gearing and capital gains tax, that we should ensure that people who want to go and buy a home are not facing wealthy investors pushing them out of a house.

These are the key issues that even Anglicare are looking at now and exposing as the problems in the economy.


I listened to Scott Morrison this morning and this guy is not fit to be the Treasurer. He is full of one liners, full of rhetoric, won’t deal with the real issues facing ordinary Australians, this is a government on its last legs.


This is a government that only seems to care about the rich and wealthy at the expense of ordinary Australians and the sooner they are gone the better.


JOURNALIST: Doug, the suggestion is that Derryn Hinch is trying to negotiate a better deal for pensioners and low income earners in exchange for his support for the company tax cuts.

CAMERON: Well Derryn Hinch should sit down and look at all the issues that are facing Australians in this country and the issue that is not of importance to ordinary Australians is a tax cut to big business.


These other issues can be dealt with by properly dealing with the rorts in the tax system and never mind handing another $65 billion to big business, including multi millions of dollars to the banks. I mean Derryn Hinch, if that’s his approach, has got it all wrong. 


There needs to be a systematic look at the tax system, there needs to be a look at what are the issues that are important to ordinary Australians and if Derryn Hinch is going to try and get some bauble in return for his vote then he is doing the wrong thing.


JOURNALIST: If Labor does win the next election and the polls would suggest you will win the next election, by how much do you think Labor should repeal these tax cuts?


CAMERON: Well I think we should ensure that ordinary Australians are not paying $37 a week to subsidise the rich and once we have a good look at that we can ensure that ordinary Australians are not carrying the burden of subsidising the richest 20% of people in this economy.


So that will mean we have to look at all of these things, we will do that, Labor has started taking the hard decisions and when we are taking the hard decisions you get this nonsense from the Prime Minister and the Treasurer arguing that we are slugging so called self funded retirees. These are rich people, rich people that don’t need to be subsidised $37 a week by workers that are out there battling to put food on the table.


JOURNALIST: But the suggestion is that if Labor does win the election that you won’t keep these tax cuts in place if they do pass through the Senate this week.


CAMERON: Well that will be a decision for Labor but my personal view is why would Labor continue to force ordinary Australians to subsidise the rich by $37 a week? It just seems to me to be beyond belief.


We’ve recognised these things, we have taken decisions on trusts, we’ve taken decisions on negative gearing and capital gains tax, we have taken other hard decisions and all we get from the Coalition is a defence of the rich and powerful in this country at the expense of ordinary people.


JOURNALIST: But are you concerned that potentially businesses may not hire more workers or pay them more, or invest in their companies if they don’t feel as though they are going to get this tax cut?


CAMERON: Absolutely not. There has never been a problem in investment in this country. You look at the last mining boom, investment went through the roof.  If you look at our investment compared to other OECD countries we are getting good investment in this country.


The issue here is that you have got Chief Executives, you have got the Business Council of Australia, you have got ACCI out there pushing for their team and their team are the executives who are getting massive executive salaries in this country, probably many of them don’t deserve it.


They want to increase executive salaries, they want to increase returns to business and still slug ordinary Australians $37 a week.


JOURNALIST: So do you think if the company tax rate does come down, do you think wages would go up for ordinary workers?


CAMERON: No. There is absolutely no evidence that trickle-down economics works. It didn’t work under Reagan, it didn’t work under Bush, it hasn’t worked in the U.K., it won’t work here.


This is just a nonsense we hear by a Coalition that simply want to look after their mates that fund their election campaigns, the rich mates that pour money into the Coalition election campaigns. They want to give them a return and that is at the expense of working Australians and I think it’s absolutely disgraceful.


JOURNALIST: I don’t know if you have crossed paths with Tim Storer but do you have any idea where he might stand on the debate?


CAMERON: I must say I haven’t met Tim yet and I am looking forward to having a discussion with him. I don’t know where he stands on it but I hope that he is reading these reports that are coming out that say ordinary workers are getting screwed in this country to fund the big end of town and fund the rich and powerful.


If he comes from that position that even the churches are now saying is the key issue then hopefully he will take a different position than One Nation who have sold out for one of the worst deals I have ever seen.


At the weekend - I live in the lower Blue Mountains - I was down in Penrith and people cannot understand what One Nation are up to. They can’t understand why they would sell out ordinary workers to big business for the sake of a thousand apprenticeships. It just doesn’t make any sense.  


JOURNALIST: So is today D-Day on company tax or….


CAMERON: Look it shouldn’t be D-Day, can anyone tell me what the urgency is in getting this tax cut in this week other than we have got Malcolm Turnbull coming up to this 30th defeat in Newspoll.   


This is not about good economics, this is about Malcolm Turnbull and it’s about a weak Prime Minister trying to cling on to his job when he should actually be taking us to an election and let the public decide who should lead this country.