The Federal Opposition has spent a lot of time talking about "millionaires" in the wake of the May 9 budget.
Mr Shorten's claim is over the top. The measures announced in the 2017-18 budget do not include any personal income tax cuts. Mr Turnbull has not made any "announcement" about millionaire tax cuts. An additional tax that was brought in by the Abbott government in 2014, the temporary budget repair levy, was, by law, only scheduled to last for three financial years. Unless the Parliament takes the proactive step of passing new legislation, the levy will not continue beyond June 30. And the use of the emotive term "millionaire" misleads about the type of people who have been paying the soon-to-expire levy. Mr Shorten correctly notes that the budget does include a "tax hike": the Government is increasing the Medicare levy from 2 per cent to 2.5 per cent. But this increase will apply to most people including "millionaires", not just so-called "working Australians".
Fact check: Did Malcolm Turnbull announce a tax cut for millionaires and a tax hike for workers in the budget?
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