Michael Sukkar, Assistant Minister to the Treasurer and Chris Crewther, Member for Dunkley, hosted a retiree roundtable in Frankston today to engage with local residents on the Government’s flagship tax reforms.
The roundtable is part of a series to be held around the country and comes after a detailed Treasury costing of Labor’s retiree tax proposal revealed a $10 billion black hole in Labor’s expected budget revenue.
It has been revealed that Labor’s change to dividend imputation will not raise as much money as first suggested but will still have a massive impact to the savings of retirees.
Mr Sukkar said that the roundtable provided an opportunity for the community to give feedback on the tax policy changes announced in the May Budget as well as answering questions on the alternative approach of the Labor Party which is of great concern to many retirees.
“The Government is supporting retirees who have worked hard all their life and done the right thing by setting themselves up for retirement,” Mr Sukkar said.
“Unlike Bill Shorten, we are listening to the concerns of retirees and today’s roundtable confirmed that our policies are the right ones for Australians.”
“Labor has promised well over $200 billion in increased taxes and is intending to make retirees take on the largest burden of these tax increases.”
Chris Crewther said it was essential to engage with members of the community on the current tax policies.
“I am delighted that today’s event gave retirees the opportunity to discuss these important issues with the Assistant Minister and with me,” Mr Crewther said.
“I asked the Assistant Minister to visit Dunkley to hear the comments and concerns of local residents firsthand, including the impact Labor tax policies would have on members of my local community.”
More than 45,000 residents in the electorate of Dunkley are at or nearing the age of retirement.