$94B extra for budget repair in JLN Tax Reform Package: Lambie

Watch here:

https://www.youtube.com/watch?v=TH7xWP4vjrU

JLN Independent Tasmanian Senator Jacqui Lambie has delivered a speech in the
Senate yesterday which details $94B of new tax revenue raised by 3 simple new
taxes.

“My network, the JLN, has proposed 3 simple tax reform policies – (costed by the Australia Institute) – that
don’t take from Australia’s poorest, and ensures that our top earners contribute their fair share.

In ten years these 3 taxes would raise an extra $94B for Budget repair. They are:

1. A Super-Rich Death Tax, which would raise $5 Billion a year and would only affect 0.8% of the
Australian population.

2. Capping the Capital Gains Tax exemption to houses worth less than $2 million would raise $3 billion
a year. 56% of the revenue raised by capping Capital Gains Tax on homes would come from
Australia’s top 10% earners.

3. A FTT between 0.1% and 0.01% on each of the high frequency share trades by Australian
companies which rort our financial markets using super computers – will raise more than $1.4
Billion a year.

Mr President, there’s 3 simple taxes Death, Capital Gains and Financial Transactions that don’t take from
Australia’s poorest – make the rich pay a fair share, and will raise an extra $9.4 B a year or $94B in ten
years. Slow and steady wins the race!” said Senator Lambie.
Rob Messenger for Senator Jacqui Lambie Senator for Tasmania