The Australian Workers' Union (AWU) has used poll data to call for the Federal Government to direct part of its tax cuts into superannuation.
The Roy Morgan poll conducted exclusively for the AWU showed 47 per cent of people would prefer the $31 billion in tax cuts promised by the Government to be divided between tax cuts and super.
"I want our new Federal Government to think again before they squander $31 billion dollars of windfall that will not come again," AWU national secretary Paul Howes told an audience at an Australian Institute of Superannuation Trustees lunch in Sydney on Friday.
"If half of that $31 billion went into superannuation funds, there would be a future for many Australians."
Despite AWU's push, the Australian Industry Group believes tax cuts should remain.
Australian Industry Group director of public policy Peter Burn said the promised tax cuts should be up to the individual.
"There is nothing to stop people from putting their tax cuts into superannuation if they want to. It's up to people, however, to decide how they want to use their tax cuts. Some may prefer to pay down their mortgage," Burn said.
Burn said that the Rudd Government has plenty of room to cut the spending that was so "unashamedly and unaccountably used under the Howard Government's last years in office".
"Moving the tax cuts into superannuation would be an easy way out for the Government," Burn said.
