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ScoMo should bring forward the account portability measures to stick it to the big banks

Greens Treasury spokesperson, Senator Peter Whish-Wilson, is calling on Scott Morrison to bring forward the account portability measures in the budget, to make it harder for the big banks to pass on costs to customers.

Senator Whish-Wilson said, “The Greens took full bank account portability as a policy to the 2016 election. Bringing this in would allow customers to change bank accounts with a couple of mouse clicks.

“If we brought forward bank account portability, then the first bank to put up fees would be faced with an immediate exodus of customers.

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Labor’s Buffett-lite raises less than 4% of what a proper Buffett Rule would

Greens Treasury Spokesperson, Senator Peter Whish-Wilson, has called upon Labor to stop fiddling at the edges with top-end tax rorts and adopt a proper Buffett rule to get serious about addressing inequality.

Senator Whish-Wilson said, “What Labor proposed last night was the version of the Buffett Rule you adopt when Chris Bowen won’t let you have a Buffett Rule. A proper Buffett Rule would raise nearly $39 billion over the medium term, not a measly $1.3 billion.

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Buffett Tax, deficit levy and undoing top-end tax cuts a fairer way to raise revenue

Greens Treasury spokesperson, Senator Peter Whish-Wilson, is calling on the Parliament to implement a Buffett Rule to make sure that executive fat cats don’t rort the tax rules so they pay less than the average wage earner.

Senator Whish-Wilson said, “If we were to make the deficit levy permanent and were to undo the $315 tax cut to the top 20% of income earners we would have a much more progressive income tax system and raise almost three-quarters of the amount that a flat increase to the Medicare Levy would raise.

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Comments on Budget 2017

“If you’re under the age of 35, you’ve been screwed over in this budget - whether it’s the gouging of higher education, the lack of action on climate change or the refusal to tackle housing affordability,” Leader of the Australian Greens Dr Richard Di Natale said.

“It’s clear that the Government finally understands you can’t just keep cutting spending without raising revenue. But this is a budget with no vision or direction for the country. It isn’t a roadmap for the future, it’s a highway to nowhere,” Dr Di Natale said. 

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House prices skyrocket since Cabinet rejected capital gains tax reforms

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Turnbull needs to stop throwing petrol on the housing fire

Greens Treasury spokesperson, Senator Peter Whish-Wilson, is today calling on the Government to end its reckless support for negative gearing and capital gains tax discounts that are fuelling a housing crisis.

Senator Whish-Wilson said, “It doesn’t seem to matter which expert comes out against negative gearing or what happens to house prices, the Government remains in denial about its role in the housing crisis.

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Come on Labor! Let's have a revenue-raising arms race to address inequality.

The Australian Greens’ Treasury spokesperson, Senator Peter Whish-Wilson, today challenged Labor to a contest between now and the next election on who can best tackle inequality through the tax system.

Senator Whish-Wilson said “If Labor want to take a Buffet Tax to the election, just as the Greens have, that would be great. I would love to see Labor try to out-Green the Greens.

"Let's see who can come up with the most progressive taxation platform for the next election. Let's have a revenue-raising arms race.

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Tax cut Senate push shows Turnbull is out of touch with Australian society

The Greens Treasury spokesperson has criticised Malcolm Turnbull for continuing to push for tax cuts that would drive the budget further into structural deficit, and lead to more cuts to services and support for the less well off.

Senator Whish-Wilson said, “When all you have is a hammer, then everything starts to look like a nail, and that is exactly how the Turnbull Government sees economic policy.

“No matter what problems arise in the economy, the only response the Turnbull Government has is a corporate tax cut.

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