ERROL PARKER | Editor-at-large | Contact
Personal income tax will be cut by $144 billion over the next seven years in a victory for Malcolm Turnbull’s government.
The upper house approved the Coalition’s budget promise to progressively cut income tax, with Malcolm Turnbull welcoming it as a “great day for all Australians – even the poor ones”.
“Every Australian will be better off under this new taxation legislation,” he said to reporters in Canberra this afternoon.
“Everyone from my neighbour next door to the most unskilled of workers breaking shit up and throwing it in a skip. My government promised this to the nation at the previous election and we’ve got it through – as much as the Greens and Labor tried to stop us,”
“Thank you all, that’s all for now.”
When asked how these new tax breaks will benefit both the rich and poor at the same time, Turnbull laughed and told the ABC reporter “they just will. It’s magic”.
Pressed on the issue, Malcolm simply chose to ignore the question and walk back into Parliament from the courtyard.
More to come.
