Clive Palmer works on his speech ahead of a National Press Club debate with Bob Katter.
Clive Palmer works on his speech ahead of a National Press Club debate with Bob Katter.

Palmer pledges extra $150 a fortnight on disability pension

THE Palmer United Party has promised to increase the disability pension by $150 a fortnight.

Party leader Clive Palmer announced the policy to journalists in Canberra today, saying the federal government's national disability scheme did not go far enough.

Mr Palmer said the scheme only catered for people aged up to 65.

He said his changes would mean that 100% of people with disabilities would benefit through either the NDIS or the Centrelink pension increase.

Asked how he would fund it, Mr Palmer said it was a matter of priorities.

"There are some things that you do because it is the right thing to do,'' Mr Palmer said.

"Do we think national broadband is more important than people suffering in their own homes?''

Mr Palmer said the federal government should be spending more on providing those with disabilities the ability to lead as meaningful and productive lives as possible.

He said society was too quick to judge people by their appearance or disability rather than what they could contribute.

Mr Palmer said the policy would benefit 25% of Australians with some form of disability.

The announcement comes on top of his plan to offer tax cuts of $2500 to average Australians by reducing the tax rate by 15%.

Mr Palmer said he had announced policies in the past few days which would provide a combined $94 billion stimulus to the national economy.

He said the policy was funded through savings in Centrelink payments as more people obtained employment through a productive economy as well as extra GST revenues as people spent money.

The mining magnate said it would particularly benefit the construction industry.

He said it may lead to interest rate increases but that would be a good thing for independent retirees relying on that income from investments.

Mr Palmer said it was a better to have a vibrant economy with 4 to 5% base rates with full employment than people relying on jobs.