No reason for a budget-busting, regressive tax change - Speech, Federation Chamber



Last week, by a vote of 51 to 49, the US Senate passed a major corporate tax cut.

The bill has several similarities with the corporate tax cut being debated here. A survey by the University of Chicago found that 37 out of 38 US economists said the GOP bill would increase the deficit. The 38th later said they didn't understand the question.

In Australia, an Economic Society of Australia survey of 31 economists found two-thirds agreeing that ‘Australia will receive a bigger economic growth dividend in the long run by spending on education than by offering an equivalent amount in a tax cut to business’. Treasury's own estimates say that the government's big-business company tax cut would deliver only a 0.1 per cent increase in personal income - in the 2030s. 

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Canberrans’ Strong Support for Marriage Equality - Speech, Federation Chamber



Two and half weeks ago I joined Canberrans in a park near my office as we waited for the results of the vote on marriage equality.

The results were overwhelming.

Compared with the 62 per cent vote nationally, 74 per cent of Canberrans supported same-sex marriage, making the ACT not just the OECD's most livable region, not just a Lonely Planet a must-visit destination, but also the state or territory in Australia with the highest support for same-sex marriage.

But these figures don't tell the full story. 

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Poverty in Canberra - OpEd, The RiotACT

Poverty in Canberra

The RiotACT, 29 November 2017

A couple of years ago, a newly appointed public servant was giving an interview to a business magazine. ‘Everybody is happy’, he said. Then he went on ‘in Canberra in particular, everybody is deliriously happy and comfortable.’

I thought of this interview when my team last cooked a barbecue for residents of the Early Morning Centre on Northbourne Avenue, which provides meals, health care and social support to city residents who are homeless or at risk of homelessness. Looking in the eyes of the men and women at the centre, I saw a lot of resilience, but can’t say that everyone appeared deliriously happy.

The two toughest things about poverty in Canberra are icy winters and high housing costs. Not long ago, I met a woman who told me that she wore two beanies in her home, because she couldn’t afford to turn the heating up. Another constituent who came to my office told me about her struggle to pay rising rents on a fixed income.

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Time to stop the war on charities - Media Release


Today, the heads of 25 respected Australian charities are in Canberra, speaking out against the latest attack on the sector by the Turnbull Government.

This comes after two open letters to the Prime Minister from charities concerned about the way that this important sector is being treated.

From its inception in 2011 until the middle of last year, the Coalition tried to abolish the Australian Charities and Not-for-Profits Commission, a body recommended by more than a dozen independent inquiries, and supported by the vast majority of the sector.

Since coming to office, the Coalition has had no fewer than five ministers responsible for the charities commission. The latest hapless minister, Michael Sukkar, refused to meet with respected charities commission head Susan Pascoe and her fellow commissioners, then announced that Ms Pascoe would not be reappointed. Months on, we are still awaiting her replacement.

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Address to White Ribbon Day function - Speech




Thank you very much, it's a pleasure and honour to be here today. I too acknowledge that we're meeting on the traditional lands of the Ngunnawal people and pay my respects to elders past and present. I acknowledge the Indian High Commissioner. To White Ribbon co-founder Dr Michael Kaufman, thank you for being here to share your expertise. I certainly have read and admired your work. My ACT parliamentary colleagues, Rebecca Cody, Rachel Stephen-Smith and Caroline La Couteur. Thanks to everyone for being here on a beautiful Canberra day to discuss one of the most challenging issues that our community faces. 

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A strong, stable and scandal-free banking sector - Transcript, AM Agenda





SUBJECTS: Queensland election; Labor’s calls for a Banking Royal Commission; Marriage equality. 

KIERAN GILBERT: You've seen the result out of Queensland it looks like Palaszczuk has been reelected but with a lower Labor vote. Do you accept that this is a message to Labor as much as anything as well? With the Greens recording quite a strong result in Queensland?

ANDREW LEIGH, SHADOW ASSISTANT TREASURER: Kieran, we'll wait and see how the Greens do. But it's pretty clear that the Greens aren't taking any seats off Labor. It's possible that the Shadow Treasurer Scott Emerson may well lose his seat to the Greens though I'm still hoping our fabulous Ali King will come through for Labor there. But the result is terrific. I look at Redlands where Kim Richards looks to have picked up a seat there. And a shout-out to my uncle Keith who was working Coochiemudlo booth for Kim. It's a strong result right across Queensland - 

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Labor Leading on Remittances - Media Release


This week, many Australians will be flying in and out of the country carrying suitcases of cash.

It may sound like a scene from a spy film, but the reason for it has more to do with banks than Bond. In short, excessive and confusing fees are making it too pricey to transfer money.

In Australia, many people work long hours to send money back to family overseas. According to the World Bank, remittances to developing countries are worth half a trillion dollars annually – twice the value of foreign aid.

These people deserve a safe and secure way for people to send money which doesn’t involve large portions being eaten up by fees from financial institutions.

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Why are So Many Airline Passengers Stashing Cash? - Op Ed, The Herald Sun


The Herald Sun, 22 November 2017

When we were growing up, it seemed like every gangster movie featured suitcases stuffed with cash. These days, action flicks are more likely to feature geeks with laptops authorising money transfers. From mobile money to paywave to cryptocurrencies, our economy is going cashless.

Yet there’s one area where cash is making a comeback: international remittances. When migrant workers want to send money abroad to support their families, they often find that the cheapest way to do it is to pack the cash into a suitcase and take it with them on the plane.

This is, to put it mildly, nuts. Travel is stressful enough without having to worry about a suitcase containing thousands of dollars of hard-earned money. Yet in our community forums on this issue, we’ve heard from Pacific Islanders, Filipinos and Africans about their experiences carrying cash overseas. Even aid agencies are affected.

One reason people are carrying cash is that international money transfers cost too much. According to one analysis, the past decade has seen big banks quadruple the amount they charge for transferring money overseas. Despite a 2014 commitment by the world’s 20 largest economies to reduce the cost of foreign exchange, the problem seems to be getting worse.

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Turnbull on Highway to Hell with tax plan - Transcript, ABC NewsRadio





SUBJECTS: Malcolm Turnbull’s tax increases for middle Australia; Malcolm Turnbull’s tax cuts for big business; cancellation of sittings; banking royal commission; three AC/DC song references.

GLEN BARTHOLOMEW: For a response, we’re joined by Labor’s Shadow Assistant Treasurer Andrew Leigh. Good morning.


BARTHOLOMEW: Not too bad. Sounds like an admirable task, or ambition at least, to ease the burden on Australians earning up to $87,000 a year. Would you support that move?

LEIGH: It’s downright weird, Glen, for a Prime Minister who has just said that he was going to raise taxes on middle Australia to then turn around and hope to be patted on the back for lowering them. One of the big differences in Australian politics is that Bill Shorten has said that he won’t support Malcolm Turnbull’s decision to raise taxes on those earning below $87,000. The increase in taxes on average workers was in this year’s budget. Malcolm Turnbull is a tax raiser for average Australians. The only people whose taxes he wants to cut are those earning over $180,000 and the biggest businesses.

BARTHOLOMEW: Presumedly Labor though also wants to ease the tax burden on middle income earners, those who could be squeezed by bracket creep, that move into a top or a higher bracket.

LEIGH: Absolutely. We supported the change in that second highest bracket. We also opposed Malcolm Turnbull’s attempt to raise taxes on middle Australia. But I don’t think it was coincidence, Glen, that on the very same day that the Prime Minister couldn’t remember the song ‘Back in Black’, the Treasurer is writing to CEOs asking for their help for a budget-busting tax cut. The tax cut for big businesses is the biggest promise that either side of politics has made on any issue. It’s just not affordable. And because Malcolm Turnbull is committed to that, he’s committed therefore to having to raise taxes on average Australians. His own Treasury has done the numbers on what this means for personal income and the impacts on household personal income of a big business tax cut funded by middle Australia tax increases is 0.1 per cent in the 2030s. 

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The great tragedy of the Turnbull Government - Transcript, Sky AM Agenda





SUBJECTS: Renewable energy, Bennelong by-election.

TOM CONNELL: Welcome back to the program, joining me now is Shadow Assistant Treasurer, Andrew Leigh. There's a report today by the Chief Scientist, Alan Finkel saying that an easy and painless way to get to your 50 per cent renewable target would be rooftop solar with batteries, what do you think about this?

SHADOW ASSISTANT TREASURER, ANDREW LEIGH: 50 per cent renewables by 2020 is eminently achievable for Australia. It will mean lower power prices, lower emissions and more jobs in renewables. There's a range of ways we can look to get there. We need to bring on more wind and solar, we need certainty in the system – which we haven't had under the Turnbull Government – and then we need to be open to a range of generation options.

CONNELL: So, less about the grid and more about homes? And maybe some more subsidies there?

LEIGH: There will certainly be a role for batteries, there's a variety of ways of doing this of course. You can have typical batteries of the kind that Tesla is building in South Australia, you can have batteries which involve hydro which is a form of ‘wet battery’ or you can get the same effect by joining up to a national grid. The more interconnectors you have, the more you're able to have wind in one area making up for a lack of solar in another.

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