May 14, 2014

Budget 2014/15 – New Taxes & Increased Cost of Living

The Abbott Government has brought down its first budget, which attacks families, students, pensioners and the sick. This budget directly increases the cost of living for residents of Holt.

“This is a Budget of broken promises, cruel cuts and unfair increases in the cost of living. It is built on more than $80 billion in savage cuts to schools and hospitals over the next 10 years. It will increase waiting times at the Casey Hospital, Dandenong Hospital and the Monash Medical Centre. The Victorian State Government will now also be allowed to introduce Emergency Room/Hospital Taxes. It’s a new tax on getting sick. Families in Holt will now be hit by new taxes and cost of living increases’, said Mr Byrne.

‘Families will have to pay a new petrol tax to Tony Abbott every time they get in their car, and a new GP tax every time they take their sick child to the doctor’, said Mr Byrne.

Students at university will also suffer, as deregulation of university fees will lead to skyrocketing fees for university students. Cuts to the Tools for Your Trade Program and a new loan of up to $20,000 loan is available for apprentices that will increase their own levels of debt,’ said Mr Byrne.

‘Holt pensioners will feel absolutely betrayed by the Abbott Government’s attack on their modest living standards. Mr Abbott expects Australians to work until they’re 70 years old by 2035. That will be the oldest retirement age in the world,’ said Mr Byrne.

Jobseekers up to 30 will be prevented from accessing Newstart or Youth Allowance for a six month “waiting period”, then limited to six months before being removed from income support, before being permitted back on after a further six months. Many disability pensioners under 35 will be “reassessed” and those with “some work capacity” forced to seek employment.

‘Australia only one of 10 countries in the world with a AAA credit rating from all three ratings agencies. We have low government debt, and our economy has continued to grow. There is no need for the Abbott Government to make deep cuts and increase the cost of living for working families in Holt’, said Mr Byrne.

‘Last night’s Budget was not the ‘Best Day for Australia’ as the Treasurer has claimed but a day where working families will now suffer from the Prime Minister Tony Abbott’s new taxes, a petrol tax hike and cuts to schools and hospitals,’ said Mr Byrne.

Media Enquires: Daniel White (03) 9796 7533.

 

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