Labor, The Greens, NXT and One Nation block tax cuts

February 08, 2018

Australian Conservatives leader and South Australian Senator Cory Bernardi says legislation for company tax cuts may have passed the House of Representatives but its prospects of passing the Senate aren’t bright. 

Labor, the Greens, the Nick Xenophon Team and One Nation are all refusing to support the economy-lifting tax measures.

Senator Bernardi said the Senate suffered from an ideological blockage via Labor, the Greens and Xenophon Team which he labelled a 'budgetary Berlin Wall' with bricks coloured red, green and orange.

The government's legislation, which will lower the company tax rate for all corporations from 30 per cent to 25 per cent by 2026-27, needs nine of the 12 crossbench votes.

So far, only two other crossbenchers - independent Fraser Anning and LDP senator David Leyonhjelm - have joined Senator Bernardi in supporting the cuts.

Senator Bernardi told parliament, “We are committed to getting better value for money for the taxpayers in this country and we are committed to finding a more efficient and effective way of governing.”

You can watch excerpts of Senator Bernardi’s speech below.

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