Labor leader says party won’t give ‘millionaires a tax cut’ and make working and middle-class people pay for it

Bill Shorten says Labor made a “values decision” when it decided to retain the deficit levy and only apply an increase in the Medicare levy to workers earning more than $87,000.

The Labor leader will use a speech to an economic thinktank to defend a decision that divided his leadership group, saying the ALP “won’t ask millions of people on more modest incomes to pay more tax, and we won’t give millionaires a tax cut while making everyone else pay for it”.

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