Taxation

The majority voted against a motion introduced by Greens Party Senator Richard Di Natale, which means it failed.

Motion text

That the Senate—

(a) notes that:

(i) a company with a turnover of $50 million a year is not a small business,

(ii) corporate profits hit a record $335 billion, up 10 per cent in a year, while wages are at all time lows of 2 per cent, and

(iii) spending $3 billion on more company tax cuts will not reduce economic inequality and low wage growth; and

(b) calls on the Federal Government to instead reinvest that money into lifting Newstart for the first time since 1994, when it was lifted by just $2 a week.