Budget means tax cut bonus for residents: MHR

Forrest MHR Nola Marino says the Federal Government’s Budget will mean significant tax cuts for residents in the South West.

Federal Treasurer Scott Morrison delivered the Budget last Tuesday night.

Mrs Marino said the tax relief plan would encourage and reward hard working Australians.

“South West taxpayers will receive a new offset of up to $530 a year under our plan to reduce cost pressures on household budgets,” she said.

“There is great news for small businesses with the $20,000 instant asset write-off continuing for another year, helping small business invest in new equipment.

“This is on top of legislated tax cuts for small and medium businesses that are helping them to grow, create more jobs and pay higher wages.”

Mrs Marino said the Budget will deliver tax relief with a focus on low and middle income earners.

“Under the Government’s economic plan jobs are being created, investment is rising and the budget is strengthening,” she said. “This means that we can continue to guarantee the essential services Australians rely on.”

Mrs Marino said the Budget would focus on South West infrastructure including roads.

“The benefits of the Turnbull Government’s infrastructure investment for the communities of the South West include Stage 2 and 3 of the Bunbury Outer Ring Road,” she said.

“We are guaranteeing the essential services South West families rely on, by increasing total health and hospitals funding by 30 per cent, delivering a 50 per cent average increase per student in fair, real needs based school funding over the decade, and more child care support to those families who need it most.

“Our plan for a stronger economy benefits all Australians.

“After record jobs growth, the proportion of working age Australians now dependent on welfare has fallen to 15.1 per cent – the lowest level in over 25 years.”