AAP, with a staff reporter
Prime Minister Julia Gillard will continue her jobs and industry pitch to blue-collar voters today, addressing a key union conference on Queensland's Gold Coast.
Ms Gillard this weekend launched a $1 billion plan to invest in innovation, provide venture capital funding for small business and give Australian manufacturers a fairer shot at major contracts.
Tonight, she will tell the Australian Workers Union national conference her Plan for Australian Jobs would be sustainable for at least three years from 2014 through structural savings in the federal budget.
"We've been cutting bad priorities and inefficient spending from the budget to make room for investments in Australia's future - now we're taking the same approach to funding our jobs plan," the prime minister will say.
She'll argue that it is unnecessary to give some of the largest and more profitable companies in the nation $1 billion to innovate when they have the resources and the market incentives to do so already.
Some of Australia's biggest companies will also be in the sights of the AWU, when it launches a new advertisement featuring actor Jack Thompson at the conference.
In the ad, Mr Thompson recites part of Henry Lawson's classic poem, Freedom on the Wallaby, and observes – in a dig at mining billionaire Gina Rinehart – that "some of the richest people in the world are complaining about how hard they're doing".
"We used to be a country that could be proud of what it made," he says, urging union members to "forge a new future".
Marginal outer metropolitan seats with large populations of blue-collar voters will be key to the September 14 federal election, just as they were to US President Barack Obama's victory in 2012.
A key United States union boss Bob King, from the United Auto Workers, will share his insights with the conference.
Delegates will also hear from South Australian premier Jay Weatherill, who last week met with the prime minister in Canberra for economic talks ahead of Ms Gillard bringing federal community cabinet to his state on Wednesday.
Big business lashes blue-collar plan
The prime minister's plan has not been well-received by the business community, with The Australian reporting wide-held fears that $1 billion worth of cuts to research and development tax concessions would add to foreign concerns over the stability of Australia's tax arrangements.
According to the newspaper, up to 20 of the nation's largest companies will face cuts to research and development tax concessions under the PM's plan, with the savings used to fund her blue-collar pitch.
Among those impacted are BHP Billiton Ltd, Rio Tinto Ltd, Telstra Corporation Ltd, Shell Australia, Caltex Australia Ltd, Leighton Holdings Ltd, Woolworths Ltd, Wesfarmers Ltd, Commonwealth Bank of Australia Ltd and Westpac Banking Corporation Ltd.
The Australian reports chief executive of the Business Council of Australia Jennifer Westacott said the plan was "one piece of the jigsaw to keep our economy strong beyond the mining boom, but much more must be done to make it easier for businesses to hire more workers long term".