David Pocock, Monique Ryan and Dai Le support revamping taxes to raise more revenue to address cost-of-living crisis
Independent MPs Monique Ryan and Dai Le and senator David Pocock have said tax reform is needed as cost-of-living pressures persist.Independent MPs Monique Ryan and Dai Le and senator David Pocock have said tax reform is needed as cost-of-living pressures persist.Influential crossbench parliamentarians have called on Labor to toughen up the petroleum resource rent tax and redistribute stage-three tax cuts to raise revenue to alleviate the cost of living.
At the revenue summit, Ryan said that retaining the 37c tax rate which applies to income above $120,000 would provide $8bn of additional revenue. This could fund a $3bn capital grant program to build 10,000 social houses a year and $5bn to double commonwealth rental assistance, she said. Le cited the average income of $1,200 a week of her constituents in south-west Sydney, an income level of $62,400 a year that would see most worse off under stage three after
“We’ve largely missed out on the fossil fuel export boom – it’s not too late to put some good measures in place to get a return from that.”Pocock said Australia needed a “uniform road-user charge” that considered the weight of vehicles because “that is what damages roads” while also incentivising drivers to choose smaller more efficient vehicles.
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