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May 01, 2018

New data from the Federal Parliamentary Library has revealed that the Turnbull Government’s $65 billion tax cut for big businesses will have little benefit for Michelle Landry’s electorate of Capricornia.

The official figures from the Australian Bureau of Statistics, show that only eight businesses based in Capricornia will share in the LNP’s windfall for big business.

These figures put the lie to Michelle Landry’s claim that the tax cut will deliver higher wages and more jobs locally.

Even Ms Landry has admitted that small business is the most important employer in his/her electorate, saying that “small business is the engine room of the economy.”

There are over 9 700 small businesses in Capricornia. But Malcolm Turnbull and Michelle Landry have decided to give a tax cut to just eight big businesses instead.

There is nothing in these tax cuts for small business. In fact, if Mr Turnbull and Ms Landry’s tax cut passes the Senate, local small businesses will face the same company tax rate as big business from interstate.

Michelle Landry must come out today and withdraw her support for Mr Turnbull’s gift to big business.

It is not good enough that only eight local businesses will benefit, especially since the tax cut is being funded by cuts to local schools, hospitals, training and universities.

We already know that hardly any of the benefits of this tax cut for big business will trickle down to households. And now we know that it won’t trickle down to local business either!

How can Michelle Landry continue to back a tax cut for the big banks after the disgraceful revelations at the banking royal commission? Whose side is she on?

Malcolm Turnbull and his yes-woman in regional Queensland Michelle Landry have been caught out. These new figures are just more proof that this tax cut will not help regional Queenslanders.

Michelle Landry would rather back in Malcolm Turnbull and Canberra than actually stand up for the people in regional Queensland who need it the most.

First they backed in cuts to penalty rates.

Then they backed in cuts to our schools, hospitals, universities and apprenticeships.

And now they’re backing in cuts to big businesses, which will mean less money for our local services.

Once again, Michelle Landry has decided to put Malcolm Turnbull and Canberra over their community. They would rather fight for big business than stand up for regional Queensland.

It’s about time that Capricornia had a local member that wasn’t afraid to put our local community first.