O'Dowd attacks 'retiree tax' as Beers defends policy
A WAR of words has erupted between Member for Flynn Ken O'Dowd and his Labor challenger Zac Beers over the latter's "retiree tax”, in the words of the former.
Mr O'Dowd said Labor's policy of scrapping refunds for franking credits would hit 5000 residents in Flynn an average of $2700 per person.
"This is a disgraceful cash-grab by Labor from those who have done the right thing, grown their nest egg and planned to provide for their own retirement,” Mr O'Dowd said.
"Zac Beers needs to explain why he and his team think it's okay to go after the income of these people.
"He also need to 'fess up that Labor's plan will also have a knock-on effect throughout other parts of the electorate.”
Mr Beers responded, saying Mr O'Dowd was using Labor's policy as a "smokescreen” to distract from real issues in the electorate.
"The shareholders that currently receive franking credits pay zero tax,” Mr Beers said.
"This change only impacts people who are receiving tax refunds from the government after paying no income tax.
"Under Labor's plan not one person will pay a single cent more tax.
"Labor's tax reforms are reigning in tax loopholes that overwhelmingly benefit wealthier Australians while helping pay for additional funding to local hospitals and protecting our pensioners.”
Gayndah's John Mellor OAM says he would be affected if the refunds are scrapped.
He believes that if elected, Labor may not go through with the policy promise.
"They would get so much flak from older generations because that's what they live on,” Mr Mellor said.