CTU asking government to re-jig tax cuts

The Council of Trade Unions (CTU) is calling on the incoming government to re-jig their tax cut proposals to provide a more balanced package.

CTU Economist Peter Conway says that “under the Government’s proposals a worker on $20,000 a year will pay $300 a year more tax in 2010 than what is set out in current legislation whereas someone on $500,000 a year will pay $9,202 less. This is unfair.”

“A two-child low income family where the parents work 50 hours a week to earn $50,000 will also pay more tax of around $300 a year by 2010 whereas the high income family earning $120,000 in the same circumstances will pay $900 a year less tax.”

Peter Conway said the CTU realises the Government is committed to a certain level of tax cuts but there is still time to make it a more balanced package.

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