Greens push to increase dole by $75 a week and hit high-income earners with the $10.5billion bill
- High-income earners hit with a staggering $10.5billion in taxes under plan
- It comes after the Greens announced a plan to increase unemployment benefits
- Richard Di Natale calls for a tax rate of 35 per cent on high-income earners
High-income earners would be hit with $10.5billion in taxes to fund an increase in unemployment benefits in a new Greens proposal.
Greens leader Richard Di Natale is set to announce the party’s plans to impose a minimum tax rate of 35 per cent on high-income earners at a conference in Sydney on Tuesday, The Australian reports.
Mr Di Natale said: ‘Restricting the tax deductions for 45,000 people could pay for a new quality of life for 838,000 Australians.’
High-income earners are set to be hit with $10.5 billion in taxes to fund a proposed increase in unemployment benefits under a new Greens proposal
Greens leader Richard Di Natale (pictured) is set to announce the plans to impose a minimum tax rate of 35 per cent on high-income earners at a conference in Sydney on Tuesday
It has been revealed that those earning a salary of more than $300,000 – 0.5 per cent of Australia’s highest income earners – will be hit with the multi-billion-dollar bill.
The aim is for the the super-profits tax to help fund a dole increase of $75 a week.
Social media users appeared less enthusiastic about the proposed change.
One said: ‘Taxing our way to prosperity.’
‘Wonder how that will go with the rich Green supporters,’ another said on Twitter.
One man challenged whether welfare recipients even need the extra pocket money.
‘Dole bludgers don’t need any encouragement not to work,’ he said.
Senator Di Natale’s proposal comes after Labor’s previous proposal for a resource super-profits tax (RSPT).
The RSPT was first introduced in 2010 under prime minister Kevin Rudd’s government with the aim of slapping the mining industry with a 40 per cent tax on the profits made from ‘the exploitation of Australia’s non-renewable resources’, according to the government’s Budget Review 2010-11 Index.
‘Dole bludgers don’t need any encouragement not to work,’ one man said on Twitter
‘Wonder how that will go with the rich Green supporters,’ another said on Twitter
Those earning a salary of more than $300,000 will be hit with $10.5 billion in taxes to fund a proposed increase in unemployment benefits in a new Greens proposal