$2.3 Billion Tax Cut To Help With Education

Labor’s tax plan addresses not only returns money into people’s pockets but will assist families provide for their children’s education through the Education Tax Refund.

“In times of prosperity, it is the responsible of governments to prepare for the future,” the ALP candidate for Indi, Zuvele Leschen, said today.

“Anyone who has children at school knows that the demands on your pocket are endless – it’s hard enough just paying for uniforms and school text books, without all the extra curricular activities which are an essential part of modern education.”

“The Rudd Government will assist parents with these costs, through an Education Tax Refund.”

All families who receive Family Tax Benefit (Part A) will be eligible for Labor’s new 50 per cent tax refund for eligible education expenses on:

• laptops;
• home computer and associated costs;
• home internet connection;
• printers;
• education software; and
• school text books.

With the new 50 per cent Education Tax Refund, a family with three children, one in primary school and the other two in secondary school, will receive a benefit of up to $1,875 each year.

Over the course of their children’s education, a family with three children will receive assistance of up to $21,375.

“Over 40% of Indi households consists of families with dependant children, who will be eligible for this assistance,” Mrs Leschen said.

“Labor will deliver the same tax cuts as the Coalition to those earning less than $180 000 a year, assist parents educate their children and cut elective surgery lists, for the same cost as the Coalition’s tax plan.”

“This is a sensible scheme which returns money into taxpayers’ pockets and helps them educate their children at the same time.”

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