Australia: Albanese grilled over Labor's tax cut 'capitulation' - - PressFrom - Australia
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AustraliaAlbanese grilled over Labor's tax cut 'capitulation'

05:30  05 july  2019
05:30  05 july  2019 Source:   9news.com.au

Setka given more time to press Labor case

Setka given more time to press Labor case Union boss John Setka will have an extra 10 days to prepare his case for remaining a member of the Labor Party after requesting more time.

Millions of Australians lodging their tax returns over the next few weeks will find themselves more than 00 richer after parliament passed the Morrison government' s signature tax cut package. Labor tried in vain to amend the bill to strip out the third stage and deliver the second stage sooner.

Albanese grilled over Labor ' s tax cut ' capitulation '. Millions of Australians lodging their tax returns over the next few weeks will find themselves more than The government's 8 billion tax package has passed the Senate after securing the necessary support from Labor and the cross-benches.

Video provided by Nine News

Millions of Australians lodging their tax returns over the next few weeks will find themselves more than $1000 richer after parliament passed the Morrison government's signature tax cut package.

The government secured the crossbench support it needed to pass the $158 billion plan unchanged through the Senate yesterday evening.

Labor tried in vain to amend the bill to strip out the third stage and deliver the second stage sooner.

John Setka saga set for new courtroom drama

John Setka saga set for new courtroom drama Union leader goes to court to challenge Anthony Albanese's ALP expulsion push.

Anthony Albanese has flagged Labor is “considering” giving the government what it wants and passing all three stages of its tax plan, as debate continues within the opposition over the best way to move forward. But Albanese and key Labor MPs remain unconvinced the government has provided

Demonstrators in Brazil protested practices of the world' s biggest fast food chain, saying McDonalds does not treat employees well. Officials echoed the

But the opposition voted in favour of the legislation, which passed 56 votes to nine, arguing it wouldn't oppose tax cuts for workers.

Albanese grilled over Labor's tax cut 'capitulation' © AAP Image/Paul Miller Anthony Albanese. Speaking on Today, Labor leader Anthony Albanese denied his party had "capitulated".

"We of course tried to amend stage three out of the package, because that doesn't happen until 2025," he told Georgie Gardner.

"What we also did, we tried to bring forward stage two of the tax cuts so that every Australian worker would have got a tax cut sooner - right now.

"If it's a good idea in 2022 to give every Australian worker (earning) above $120,000 $1350 in their pocket, it certainly is a good idea right now because the economy is tanking.

"We have seen interest rates reduce to just 1 per cent. That is one-third of what they were at the peak of the global financial crisis, the greatest economic crisis that the world has seen since the Great Depression of the 1930s.

Labor leader unfazed by Setka court action

Labor leader unfazed by Setka court action Anthony Albanese is not concerned Victorian construction union boss John Setka is launching a court challenge to stop his expulsion from the Labor Party. Federal Labor Leader Anthony Albanese is unfazed by union boss John Setka taking court action to stop his expulsion from the party. Mr Albanese said the Victorian construction official was never going to go quietly. "He was always going to take legal action, because this is an issue for him, he doesn't like it," he told the Nine Network on Friday. "Guess what, he will try to stop it, but he won't be successful.

The popular support Labor ’ s new leader, Anthony Albanese , enjoyed long before he even gained the leadership was based on a reputation for “fighting What is the appeal of capitulation to any part of the electorate? Zealots, at least, have the confidence of their convictions. False converts, on the other

The Labor leader, Anthony Albanese , said that despite Labor ’ s concern that the bill locked in unaffordable tax cuts from 2024-25, the shadow cabinet had decided it would not stand in the way of relief for “working Australians”. “We do not want the circumstances whereby an economy that’s

"So the first thing the government did this week was vote against that bring forward, which would have given ever worker a tax cut.

"We always supported stage one, which is the only thing that will happen this term of Parliament."

Independent senator Jacqui Lambie backed the full package in return for action on Tasmania's homelessness crisis.

She wants Tasmania's $157 million public housing debt be wiped or renegotiated, but is still ironing out a deal after supporting the cuts "in good faith".

"I need those kids and their families off the streets in warm houses," she told reporters in Canberra yesterday.

"I'm not sitting around on this for another four or five weeks while we play argy-bargy."

Home Affairs Minister Peter Dutton said the government was pleased to have secured crossbencher support with Senator Lambie and the Centre Alliance.

"She wants tax cuts for people in Tasmania as we want it for everybody across Australia," he told Today.

Setka's party membership fight with Albanese is heading to court

Setka's party membership fight with Albanese is heading to court Controversial union boss John Setka will appear in court on Thursday as Socialist Left unions have rallied in his defence.

Labor is preparing to back the Coalition' s sweeping 8 billion income tax cut package this week as opposition MPs return to Canberra following their election loss with a warning to new leader Anthony Albanese that the party' s position is depriving it of political oxygen. Labor MPs have been instructed

Likely new Labor leader sets up battle with Coalition, calling on Scott Morrison to split tax cut package.

"It is the Labor Party that turned up at the 11th hour once they realised the independents were going to support this and get it through the Senate.

"So it means thousands of dollars back into the pockets of families and they know best how to spend it.

"It will be good for the economy and good for their families."

Albanese grilled over Labor's tax cut 'capitulation' © 9News The cuts will be in effect in time for this year's tax returns. Albanese grilled over Labor's tax cut 'capitulation' © AAP The crossbenchers were the holdouts the government needed to get the $158 billion plan through the Senate.

Centre Alliance - which carries two Senate votes - also backed the full package after the government listened to its thoughts on how policy on gas prices should be shaped.

Finance Minister Mathias Cormann said the government would deal with both the gas and Tasmanian housing issues "in good time".

The gas industry is seeking clarity from the government, urging the coalition to reveal exactly what it has agreed with Centre Alliance.

Former Liberal senator Cory Bernardi had always backed the full package, giving the government the four crossbench votes needed to pass its legislation.

John Setka takes Labor to Supreme Court

John Setka takes Labor to Supreme Court Victorian construction union boss John Setka is going to the Supreme Court in a bid to stop federal Labor expelling him from the party. Embattled union boss John Setka is due in Victoria's Supreme Court as he fights Labor's bid to expel him from the party. Federal leader Anthony Albanese wants the Victorian CFMMEU secretary's membership torn up, arguing Setka does not live up to Labor values. But Setka says expelling him will stop him being an effective advocate for the union and its members.

Coalition pushes Labor to pass full tax package after Pauline Hanson signals opposition. “Will he just persist with Labor ’ s failed politics of envy, which was so comprehensively rejected Albanese said the opposition was ready to pass the first stage of the tax cuts that will deliver up to ,080 in tax relief to

Capitulation is when investors give up any previous gains in any security or market by selling their positions during periods of declines. A market correction or bear market often leads investors to capitulate or panic sell. The term is a derived from a military term which refers to surrender.

Prime Minister Scott Morrison lashed out at Labor for opposing the full plan, saying they had learned nothing from the election result.

"They mustn't have understood the serious challenges the economy was facing, to put forward such a diabolical plan for the Australian economy," he said.

Senator Lambie said she still held grave concerns about this section of the plan, which will flatten the tax rate to 30 per cent for people earning between $45,000 and $200,000.

WHEN DO THE TAX CUTS START?

The first stage of the tax plan will deliver up to $1080 to low and middle-income earners when they lodge their tax returns for 2018/19.

The second stage delivers a 19 per cent tax rate from 2022/23 to people earning up to $45,000.

The final stage due in 2024/25 flattens the tax rate to 30 per cent for people earning between $45,000 and $200,000.

Pictures: Anthony Albanese's career in photos

Albanese grilled over Labor's tax cut 'capitulation'
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Albanese 'making Shorten look good': Dutton.
Anthony Albanese has been outfoxed by union boss John Setka, Home Affairs Minister Peter Dutton has said in a fiery exchange on Today. The Opposition Leader has moved to boot the CFMEU secretary out of the Labor Party. But facing an injunction from the Supreme Court, Mr Setka's expulsion from the party has been put on hold. Mr Albanese told Today’s Tom Steinfort he had not "shelved anything". "There will be a national executive meeting. It will expel John Setka," he said. "When something is before the courts just like when people take Peter Dutton to the courts, you have to respect the legal processes.

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