The Opposition has responded to the Government’s second budget with a whack.
And as tradition dictates, Labor got to reply. In his speech, Labor leader Bill Shorten says it “is a hoax, a mirage, a smokescreen” that repackaged the unfairness of the government’s first budget and failed every test.
“The sum total of this government stimulus is a $5.1 billion deposit against a $96 billion withdrawal,” he said.
Tuesday’s budget set out almost $10 billion of new spending on small-business tax breaks and support for families.
Mr Shorten said Labor would support proposed measures around national security, the overdue drought-relief for farmers and tax cuts for small businesses, which he said should be increased from 1.5 to 5 per cent.
But, he said Labor refuses to subsidise the childcare spending with cuts of up to $6000 to family payments and the proposed parental leave changes, which it has labelled “an attack on working women”.
Here are some highlights of Mr Shorten’s budget reply speech:
1. Tony Abbott has gone “from praising women of calibre to demonising rorters and frauds”
Labor argues the Government’s proposed extra spending on childcare comes with two big catches for parents – $3.5 billion in cuts to Family Tax Benefits and $1 billion in cuts to Paid Parental Leave.