In Parliament on Tuesday evening, May 27, Federal Member for Indi, Cathy McGowan AO, has proposed to extend the deficit levy by a further four years to 2020/21.
Cathy McGowan has spent the last two weeks listening to hundreds of constituents as part of her Budget Impact Tour.
“This amendment is the first of a number of actions that I will be taking in Parliament as a result of the Indi Budget Impact Tour,” said Ms McGowan.
Ms McGowan believes the budget burden falls too heavily on low and middle income earners.
The amendment responds to the fact that from 2017 the most significant impact of the budget will be experienced by average Australians while those earning over $180,000 will no longer be contributing to reducing the budget deficit.
“From 2017, average Australians will be doing more to repair the budget deficit than high income earners,” said Ms McGowan.
“If the Government truly believes, as many of my constituents do, that Government debt and deficit in Australia is so serious they should support this amendment to spread the debt and deficit burden more fairly amongst all Australians,” Ms McGowan concluded.
The other Independent in the House, Member for Denison Andrew Wilkie, seconded the amendment.