68% of PM’s electorate oppose company tax cuts

Wentworth poll shows just 27.3% support for cutting rate on profits of large companies. Poll of Brisbane shows low support for cuts to taxes and services.

Polling released today by The Australia Institute of Malcolm Turnbull’s affluent federal seat shows about the same number of voters want the company tax rate increased (26%) as want it decreased (27%), with the largest number (42%) preferring the rate be kept the same.

The electorate of Brisbane was also polled, showing just 17.5% support for less tax revenue to decrease funding to public services and infrastructure.

A comparison with polling conducted in Wentworth in October 2017 shows a 3.3% drop in support for the Turnbull Government policy of cutting the rate. Support for keeping tax rates the same grew +2% and increasing the tax rate was up +4.7%.

“These results are consistent with national polling, showing if anything a further reduction in support for giving big banks and miners a tax cut on their profits,” Executive Director of The Australia Institute, Ben Oquist said.

“When respondents of the survey were asked about tax levels to fund government services only 20% supported collecting less tax and decreasing funding for public services.

“The economic facts about company tax cuts are winning the debate against the rhetoric from the big business lobby, even in a blue-ribbon Liberal electorate like Wentworth,” Mr Oquist said.

WENTWORTH

Question: Large companies (like banks, mining companies and supermarkets) currently pay a company tax rate of 30% of their profits.

Should the rate of company tax for large companies be increased, kept the same or decreased?

 

Total

Female

Male

18-34

35-50

51-65

65+

Increased

26.4%

31.0%

21.6%

36.5%

22.3%

27.1%

17.9%

Kept the same

41.8%

40.2%

43.5%

38.0%

47.1%

38.9%

42.5%

Decreased

27.3%

22.4%

32.5%

25.5%

24.8%

29.2%

32.1%

Don’t know/ not sure

4.4%

6.3%

2.4%

0.0% 

5.8%

4.9%

7.5%

On the evening of 5th March ReachTEL surveyed 676 voters in Wentworth on tax policy.

BRISBANE

Question: Tax revenue funds public services like Medicare and schools, and infrastructure like hospitals and public transport. Do you think Australian governments should collect?

 

Total

Female

Male

18-34

35-50

51-65

65+

more tax revenue to increase funding to public services and infrastructure

28.2%

30.2%

26.6%

29.1%

25.9%

30.6%

25.0%

less tax revenue to decrease funding to public services and infrastructure

17.5%

21.0%

14.5%

18.7%

21.2%

11.3%

10.9%

collect about the current level of tax to maintain current levels of spending

45.9%

40.5%

50.6%

45.1%

46.1%

46.8%

50.0%

don’t know / not sure

8.3%

8.3%

8.3%

7.1%

6.7%

11.3%

14.1%

On the evening of 5th March, ReachTEL surveyed 747 residents in the federal electorate of Brisbane.

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