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Key crossbencher firm on opposing bank ‘carve out’ on company tax

Tax cuts are going to be one of the big issues on the agenda for parliament when it has its budget sitting in May.

Key crossbench Senator Tim Storer says he will oppose company tax cuts, disagreeing with One Nation leader Paulie Hanson and independent Senator Derryn Hinch who have suggested the banks should be carved out from the cuts.

The South Australian independent tells Ross he is firm in his position.

“I have noted with the government that this is going to be my approach as a senator regarding legislation brought into the Senate chamber.

“I see the issues as separate and distinct.

“I felt it was modest, relative to the cost, and in this period that we have now of budget deficits and with a growing government overall debt.

“I felt the robustness of the overall taxation system was not sufficient to bring forth this cut.”

Listen to the full interview below