Labor to back retaining budget fix levy

Patients will face less out-of-pocket expenses when rebates for GP visits increase

Earlier, in Question Time, the opposition extracted from the government the fact that the cost of its ten-year corporate tax cut - the first part of which is already legislated - would be $65 billion over the upcoming decade, compared with almost $50 billion over a decade when announced a year ago.

"This is the fair and responsible way forward", he said during a budget reply speech on Thursday night.

Federal Labor will not support the Medicare levy increase for Australians earning less than $87,000 a year, arguing high-income earners must pay a greater contribution.

"The same goes for anyone minimising their tax by hiding money in offshore tax havens", he said.

"Labor can not support making people on modest incomes give up more of their pay packet, especially when this budget goes out of its way to give taxpayer money to millionaires and multinationals", he said.

Mr Morrison has said he doesn't want a political fight over the funding.

High-income earners will carry most of the burden of the Turnbull government's proposed increase in the Medicare Levy, which will largely exempt those on low incomes...

Labor has already been on the attack over confirmation in the budget that a two per cent deficit levy on annual incomes over $180,000 will come to an end.


With many commentators describing the 2017 budget as "Labor lite", Mr Shorten will describe it as "Liberal through and through".

"The days of earning millions and paying nothing are over, no matter who you are", he told MPs.

Mr Morrison clarified that to say it was $36.5 billion although he also mentioned the figure $35.6 billion.

Shorten said that since budget night Labor had identified $1 billion in measures it would not support, including the $170 million set aside for a marriage equality plebiscite to which the Senate has refused to agree.

Labor leader Bill Shorten will promise a $3000 limit on how much people can deduct for managing their tax affairs, in a crackdown that will raise $1.8 billion over a decade.

"This parliament should do its job and get on with making marriage equality a reality in Australia", Mr Shorten said.

"There was not a single policy to strengthen growth, create more jobs or give Australians higher wages", Senator Cormann told reporters after the speech.

He said Labor's numbers did not add up and it would put the triple A credit rating at risk. "He seems to be spending some of his revenue measures twice".

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