Election 2016: Bill Shorten steps up attack on Turnbull’s big business tax cut plan

BILL Shorten yesterday stepped up his attack on the government’s proposed tax cuts for big business, demanding Malcolm Turnbull explain why they’re good for ordinary Australians.

Opposition Leader Bill Shorten wants the PM to explain how big business tax cuts are good for everyday Australians. Picture: Kym Smith

• GANG MEMBERS JOIN UNION HEAVIES IN LABOR’S CAMP
• SMUGGLERS STILL TRYING TO PENETRATE OUR BORDERS
• LIBERAL CANDIDATE ‘RACIST AGAINST CHRISTIAN BELIEFS’

OPPOSITION Leader Bill Shorten yesterday stepped up his attack on the government’s proposed tax cuts for big business, demanding Prime Minister Malcolm Turnbull explain why they are good for ordinary Australians.

He also reiterated the need for a royal commission into the banking sector.

“I want Malcolm Turnbull to explain to Australians why he thinks a $50 billion corporate tax cut is a good idea,” Mr Shorten said.

“I want Malcolm Turnbull to explain to Australians why he will move heaven and earth not to have a banking royal commission.”

Mr Turnbull has repeatedly justified the tax cuts, made in last month’s federal Budget, because they will create more jobs. This week he staked his political career on the move, saying voters could “chuck him out” if they didn’t agree with it.

“If we are re-elected, next financial year, beginning July 1, there will be a 2.5 per cent reduction in company tax for companies with a turnover of $10 million or less. The next year it will be $25 million or less. The next year it will be $50 million or less and then there will be another election,” he said.

“You can chuck me out as PM if you don’t like those three years, if I’m elected.”