Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024 and Treasury Laws Amendment (Cost of Living — Medicare Levy) Bill 2024

The majority voted against an amendment to the usual second reading motion, which is "that the bill be read a second time" (parliamentary jargon for agreeing with the main idea of the bill). The amendment was introduced by Hume MP Angus Taylor (Liberal).

Amendment text

That all words after “That” be omitted with a view to substituting the following words:

“whilst not declining to give the bill a second reading, the House notes:

(1) this Government has mismanaged the economy and made a deliberate decision to break promises and raise taxes;

(2) the Coalition is committed to lower, simpler and fairer taxes;

(3) because Australians are hurting from the Government’s mismanagement of the economy, the Coalition will not oppose the reduction in the 19c tax rate to 16c;

(4) the Coalition is committed to going to the next election with a tax reform package that is in keeping with the stage 3 tax cuts; and

(5) the Coalition’s package will:

a. deliver lower, simpler, and fairer taxes;

b. fight bracket creep and enshrine aspiration in our tax system;

c. reward hard work and support a strong economy where every Australian can get ahead; and

d. unite, rather than pit Australians against each other”.