Article: Budget 2018 - How does it affect the Macarthur region

Wednesday, 09 May 2018

https://www.dailytelegraph.com.au/newslocal/macarthur/budget-2018-how-do...

THE BUDGET has been announced and while it doesn’t offer any big surprises for the Macarthur region, thousands of residents are set for some good news.

Hume federal Liberal MP Angus Taylor said that alongside the “unprecedented” infrastructure spend of $2.5 billion across the electorate, 68,888 low and middle income taxpayers would also enjoy tax cuts.

Mr Taylor said $280 million would be pumped into the region’s infrastructure over the 2018/2019 financial year, with the rest to follow in coming years.

“It will go into big projects like The Northern Rd, Appin Rd which we have seen work start on, further upgrades to Camden Valley Way and the vital North-South Rail Link,” Mr Taylor said.

Many of the projects funded in last night’s Budget had been announced previously, including $2 million in federal funding for Badgally Rd upgradesand $42.3 million for projects under Western Sydney Infrastructure Plan — Local Roads Package.

Mr Taylor said the tax cuts would offer significant relief for people in Hume.

“This is crucial tax relief for people across the region and the electorate over the next few months and the next few years,” he said.

“A high school teacher on $75,000 a year can get $530 in tax cuts immediately with $3700 to come in the future.

“At the lower end a shop assistant will be able to pocket $340.”

Mr Taylor said the a boom in jobs in the Macarthur region made the tax cuts all the more important.

“There are 8000 new jobs in outer southwest Sydney which is extraordinary by historical standards,” he said.

“We’re also seeing that in areas you wouldn’t expect like retail where there has been a surge ... because of the monster infrastructure work that won’t be stopping there are numerous people employed in jobs that will benefit from this tax relief.”

But Macarthur federal Labor MP Dr Mike Freelander said the Budget announcement delivered “nothing” in infrastructure for the region and had failed young people.

“The money for the rail is only a business case for the North-South Rail Link from St Marys to the airport at the moment,” Dr Freelander said.

“There was no mention of housing affordability or climate change at all, which I don’t understand if we’re talking about the future for our young people.”

Dr Freelander said the tax cuts were imbalances and offered a greater benefit to those on the higher end of the pay scale.

“If you look at the tax brackets we end up in a situation where those earning $40,000 are paying the same rate as those earning $200,000,” he said.

“There’s massive cuts to TAFE, hospital funding if you look at it on a per capita basis and nothing has been done at all about the HECS debts our young people are being saddled with.

“I’m not against easing tax on lower income earners but my main concern is the tax breaks for older and middle class people.

“People like me are already doing very well, we don’t need the Government coming to us with sweeteners like that.”