The Coalition government’s $143.9 billion income tax cuts have passed the federal parliament, setting up the major economic policy contest of the next election.
Conservative Party leader Cory Bernardi says he’s delighted the legislation has passed to give Australians the biggest tax cuts in history.
The budget measures passed the Senate in full on Thursday after a combative morning in both chambers of the parliament. Labor, the Greens and South Australian independent Tim Storer attempted to delay the final vote in the upper house after the government and crossbench supporters combined to gag debate.
The tax cuts will be rolled out in three stages over seven years.
In political terms, Thursday’s result is a significant procedural victory for the Coalition, which had presented a take-it-or-leave-it proposition to the Senate, demanding the package be passed as a whole – a game of high brinkmanship which the government won.
Senator Bernardi has told Triple M, he supported the tax cuts because they’ll make Australia’s tax system, fairer, simpler and more predictable and it's for that reason Australians need to elect Conservative Party Senators at the next federal election.
Picture: Finance Minister Mathias Cormann
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