Nick Xenophon

Corporate tax cuts defended by lies

According to federal government ministers, Medicare is unsustainable. The aged pension is also unsustainable. The NDIS is unsustainable. Many other social services are unsustainable. However, billions of dollars of tax cuts to big Australian companies are perfectly sustainable.

In the short term, the government will be stealing $5.2 billion from the public purse and handing it over in the form of tax cuts to companies with an annual turnover of up to $50 million. In the medium term the cuts go further and will cost $24 billion.

Liberals punished as voters desert major parties

The morning after the July 2 federal elections, Australians awoke to a still undecided election. Whether the incumbent Liberal Prime Minister Malcolm Turnbull holds on by a slim majority, or is able to form a minority government, or whether Labor under Bill Shorten can form a minority government, or whether there is a hung parliament requiring new elections, remained unclear. Some things, however, were immediately apparent.