It's probably no surprise that the Intergenerational Report 2023 passed without much comment. It forecasts the need for greater income revenue, and that will fall to a younger generation. Sam Wainwright reports.
Stage 3 tax cuts
Alex Bainbridge writes new analysis by the Parliamentary Budget Office has found that the cost of the “Stage 3” tax cuts will be $313 billion over 10 years — a huge increase on the $254 billion previously estimated.
Labor’s commitment to tax cuts for the rich and the $368 billion submarine deal means that even more funding will be cut from already stretched health, aged care, education and welfare services. Darren Saffin reports.
A new Australia Institute report reveals that a staggering 93% of income growth over the past decade in Australia went to the top 10% of income earners, reports Isaac Nellist.
Superannuation tax concessions now cost as much as the age pension and more than the National Disability Insurance Scheme, writes Peter Boyle.
“Stop the cuts,” is the usual left response at budget time. But on the eve of the first budget to be delivered by the Anthony Albanese Labor government, there are three cuts we should support. Peter Boyle reports.
Greens, Socialist Alliance and Australian Progressives protested against the stage 3 tax cuts for the rich at Treasurer Jim Chalmers' Logan office. Alex Bainbridge reports.
The rising cost of living and the strain on public services mean Labor must junk its support for the Coalition's stage 3 tax cut policy, argues Mary Merkenich.