HASLUCK MP Ken Wyatt has said families and businesses will be better off following the delivery of the Federal Budget on Wednesday night.
Mr Wyatt said that Treasurer Scott Morrison’s third budget delivers tax relief, with a focus on low and middle-income earners, investing in congestion busting infrastructure and responsibly returning the budget to balance.
“Under the Government’s economic plan jobs are being created, investment is rising and the budget is strengthening,” he said.
“This means that we can continue to guarantee the essential services Australians rely on.
“As part of the Turnbull Government’s commitment to guaranteeing essential services, our More Choices for a Longer Life plan will help the more than 21,000 Hasluck residents aged 65 and over live healthy and connected lives, with increased financial and skills support as well as many more home care places.
“Our tax relief plan will encourage and reward hard working local people, with more than 63,000 Hasluck taxpayers set to receive a new tax offset under our plan to reduce cost pressures on household budgets.
“For instance, a high school teacher on $75,000 in Hasluck will have an extra $530 in their pocket from the Budget year onwards, an extra $3,740 over the first seven years of the tax plan, while a workshop manager on $88,000 will have an extra $575 in their pocket, with an extra $4,055 in their pocket over the first seven years of the tax plan.”
Mr Wyatt also said that over 1000 local small businesses would also benefit, with the $20,000 instant asset write-off continuing for another year, helping them invest in new equipment – on top of legislated tax cuts for small and medium businesses.
“It is a great outcome for people living in Hasluck. I know how hard you work, I know the strength of the communities in which you live, from Gosnells through to Gidgegannup, and I know you will benefit.
“I am especially pleased with the focus on ageing Australians because I have listened to what you have said, I have fought for those things and I will continue to fight to support our living treasures whose contributions have shaped all of the communities that make up Hasluck.”
By Liam Ducey