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senate vote 2018-10-16#7
Edited by
mackay staff
on
2018-11-08 13:57:01
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Title
Motions — Taxation- Motions - Taxation - Increase Newstart
Description
<p class="speaker">Richard Di Natale</p><p>I move:</p><p class="italic">That the Senate—</p>- The majority voted against a [motion](https://www.openaustralia.org.au/senate/?id=2018-10-16.205.1) introduced by Greens Party Senator [Richard Di Natale](https://theyvoteforyou.org.au/people/senate/victoria/richard_di_natale), which means it failed.
- ### Motion text
- > *That the Senate—*
- > *(a) notes that:*
- >> *(i) a company with a turnover of $50 million a year is not a small business,*
- >> *(ii) corporate profits hit a record $335 billion, up 10 per cent in a year, while wages are at all time lows of 2 per cent, and*
- >> *(iii) spending $3 billion on more company tax cuts will not reduce economic inequality and low wage growth; and*
- > *(b) calls on the Federal Government to instead reinvest that money into lifting Newstart for the first time since 1994, when it was lifted by just $2 a week.*
<p class="italic">(a) notes that:</p><p class="italic">  (i) a company with a turnover of $50 million a year is not a small business,</p><p class="italic">  (ii) corporate profits hit a record $335 billion, up 10 per cent in a year, while wages are at all time lows of 2 per cent, and</p><p class="italic">  (iii) spending $3 billion on more company tax cuts will not reduce economic inequality and low wage growth; and</p><p class="italic">(b) calls on the Federal Government to instead reinvest that money into lifting Newstart for the first time since 1994, when it was lifted by just $2 a week.</p> <p class="speaker">Anne Ruston</p><p>I seek leave to make a short statement.</p> <p class="speaker">Scott Ryan</p><p>Leave is granted for one minute.</p> <p class="speaker">Anne Ruston</p><p>The coalition government fast-tracked laws that will bring in tax cuts five years earlier than planned for more than three million businesses that employ nearly seven million Australians. This will mean more investment, more jobs and higher wages. The coalition government's fast-tracked laws will bring in tax cuts five years earlier.</p> <p class="speaker">Scott Ryan</p><p>The question is that motion No. 1119 be agreed to.</p><p></p>
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