Hockey And Cormann Hail Mining Tax Repeal As Best Possible Deal In The National Interest

Following today’s vote in the Senate to repeal the mining tax, the Treasurer, Joe Hockey, says the government has delivered on another of its election commitments.

Hockey

Hockey, speaking at a joint press conference with the Finance Minister, Senator Mathias Cormann, said the government had secured the best possible deal it could in the national interest. He attacked the Labor Party for dealing itself out of negotiations. The Palmer United Party was only relevant, Hockey said, because the ALP would not negotiate.

Cormann also blamed Bill Shorten for the delay in increasing the compulsory superannuation contribution. Hockey said the outcome wasn’t the government’s preferred position but that it was the ALP preventing it delivering on its election commitments.

  • Listen to Hockey and Cormann (15m – transcript below)

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Media release from Treasurer Joe Hockey and Finance Minister Senator Mathias Cormann.

Failed mining tax finally gone

The Government has delivered on our commitment at both the 2010 and 2013 elections to scrap the failed Minerals Resource Rent Tax (mining tax).

Along with scrapping this failed tax we are abolishing or re-phasing all of the unfunded promises that Labor irresponsibly and recklessly attached to it. The tax package was so poorly designed, it was in fact costing the Government billions of dollars each year. [Read more...]


Joe Hockey Defends His Budget In Speech To The Sydney Institute

The Treasurer, Joe Hockey, has delivered an aggressive defence of his first Budget, in a speech to The Sydney Institute tonight.

Hockey

Hockey took issue with claims that the Budget increases inequality: “I would argue the comments about inequality in Australia are largely misguided, both from an historical perspective, and from the perspective of the Budget.”

On claims that the Budget is unfair, Hockey said: “This misguided cry is made on the claim that not everyone is asked to contribute equally and that in the future some people will pay more for government services or receive less in payments.” [Read more...]


Treasurer Joe Hockey Responds To ACOSS Concerns About Federal Budget

The Treasurer, Joe Hockey, has appeared at a forum held by the Australian Council of Social Service and taken questions about the impact of the Budget on welfare recipients.

The forum was hosted by ACOSS CEO Cassandra Goldie. It was one of a series of appearances by the Treasurer in the aftermath of last week’s Budget.

Hockey

Hockey repeated his remarks from a 2012 speech about The End of the Age of Entitlement that an expansion of the welfare system has resulted in extending welfare “higher and higher up the pay scale”.

He said the government wanted to see a “sustainable safety net” and “to make sure that there is appropriate support for those that are helping to provide services to those most vulnerable in the community”.

ACOSS is the peak body of the community services and welfare sector. It describes itself as “the national voice for the needs of people affected by poverty and inequality”.

  • Listen to Hockey at the ACOSS forum (77m)

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Transcript of Treasurer Joe Hockey’s opening remarks to ACOSS

Post Budget Address to ACOSS

Thanks Cassandra. I think I’m mic’d up here. Firstly to you, thank you for asking me along and I don’t think it’s a traditional thing for Treasurers to come along to ACOSS conferences but I really did want to come. I wanted to come really to begin by expressing my gratitude to all of you for what you do on a daily basis. I know what you do can be not only physically challenging but emotionally challenging and I really do appreciate what you do. I really, really do appreciate what you do. [Read more...]


In National Press Club Address, Hockey Says His Budget Changes The Country For The Better

The Federal Treasurer, Joe Hockey, says his first Budget changes the country for the better.

Delivering the traditional post-Budget Address to the National Press Club, Hockey said: “We now have a fire in the kitchen – we have to put it out.”

Hockey

Hockey claimed there is significant structural change in the Budget that “takes us back to surplus”.

Hockey stressed that the Budget makes welfare more sustainable over time. He said much of the criticism of the Budget “is based on politics, not economics”.

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Transcript of Treasurer Joe Hockey’s Address to the National Press Club.

Thank you, Laurie. To all my colleagues and so many friends, thank you so much for coming along today to the National Press Club. Last night we did deliver a blue print for the future of the Budget, the future of the economy and perhaps even the future of the nation. [Read more...]