Australia Institute director lauds Stage 3 tax changes, criticises HECS system in National Press Club address

Australian Community Media

The Australia Institute director Richard Denniss has lauded the Labor government’s stage 3 tax changes while criticising the country’s HECS debt system in his National Press Club address.

Transcript

00:00 We need big reforms and indeed Anthony Albanese's decision to recast Scott Morrison's 2018

00:07 tax cuts to suit the economy of 2014 is the biggest and most honest piece of tax reform

00:13 in Australia for decades.

00:17 In the middle of a cost of living crisis, this government will legislate to shift around

00:21 $90 billion from the top 10% to low and middle income earners.

00:26 Consider the fact that in Norway they tax the fossil fuel industry and they give university

00:31 education to their kids for free.

00:34 In Australia we subsidise the fossil fuel industry and we charge our kids a fortune

00:39 to go to uni.

00:40 Choices matter and the Australian government collects more money from HECS than it does

00:48 from the petroleum resource rent tax.

00:52 Thank you children.

00:53 You're the backbone of our economy, not the gas industry.

00:58 [BLANK_AUDIO]

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