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Government struggling to negotiate company tax cuts

Negotiations with the Senate crossbench are continuing, as the federal government attempts to secure the passage of its company tax cuts.

One Nation and independent Derryn Hinch want businesses to guarantee wage growth, in exchange for their votes.

Some of the nation’s biggest employers – including Qantas and Woolworths – have now made that pledge.

Finance Minister Mathias Cormann tells Alan the Coalition has secured four of the necessary nine crossbench votes needed to pass the cuts.

“We continue to work with the remaining five crossbenchers.

“The Xenophon team has indicated they will be opposed no matter, so we are working with the remaining five.

“Everybody knows the maths, the government needs nine crossbench senators to support our legislation when Labor and the Greens are opposed.”

Mr Cormann also commented on the Victorian Labor Party’s ‘red shirts’ scandal.

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