IT was a privilege to be in Parliament this week for the delivery of the 2015 Federal Budget by Treasurer Joe Hockey.
I was hoping and looking for a number of budget items that would support the people of Lyons.
And I wasn’t disappointed.
I was looking for a credible path back to surplus, for a budget that supported small business and that encouraged Australians to have a go.
The Treasurer told us that “despite the headwinds,” the Government’s timetable back to a budget surplus was on track.
The Government inherited $123 million of deficits which will now be brought back down to $82 million over the next four years.
Small business was the absolute winner in this year’s Budget and small business owners in Lyons are already telling me how much the cut in the tax rate for companies with an annual turnover of less than $2 million will mean to them.
They will have their tax rate lowered from 30 per cent to 28 and a half per cent, the lowest in nearly 50 years.
They will also be able to claim an immediate tax deduction for every item they purchase up to $20,000.
Since the Budget was announced, I’ve spoken to Deputy Prime Minister and Infrastructure Minister Warren Truss and about the positives for infrastructure spending in the Budget for Lyons.
I also sat down with Social Services, Scott Morrison morning to talk about the great gains for our young, long term unemployed people in Lyons and the more than 2020 people on aged pensions in our electorate.