6 years ago
SUKKAR’S SOUND AND FURY SIGNIFIES NOTHING
ANDREW LEIGH MP
Another day, another mistruth from a Turnbull Government Minister on Labor’s proposed changes to dividend imputation.
Michael Sukkar has told Sky News:
It will be very tough for Labor, come the next election, to say to now-self-funded retirees “we’re going to tax you more”.
Yes, Michael - it will be very tough because it is patently untrue.
From the moment Labor announced our policy to close loopholes allowing large cash refunds to people who do not pay tax, we’ve said no one will pay one cent more in tax.
Under Labor’s imputation reforms:
No one will pay a single cent more tax
No one will lose a single cent from their super contributions
No one will lose a single cent from their pension
No one will lose a single cent from their share dividends
Closing unsustainable tax loopholes will reduce inequality and boost economic growth.
All the Turnbull Government has are fabrications and hyperbole.