Federal Budget 2021 Winners and Losers: The Aussies set to cash in on new policies

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The Budget2021 'big sell' is well underway in Canberra, as Prime Minister ScottMorrisonMP defends to Federal Government's pre-election spending bonanza. The winners and losers: ElizaEdNews AusPol 9News

WINNERSDo you earn less than $126,000 a year? If you do, you're a winner in this Budget after government announced it was extending its low- and middle-income tax offset for another year.

In tonight's Budget alone $15.2 billion was named for rail and road upgrades – each of which are massive projects requiring hundreds of labourers, engineers, skilled trades and more.Aussie families who are choosing to keep one parent at home because the cost of childcare is so expensive are set to be big winners of tonight's Budget.

Aside from aged care, Australians seniors are set to benefit from a reduction of the downsizer superannuation contribution. Called a "patent box", the initiative is designed to inspire Aussie inventors to come up with the next bionic ear or cervical cancer vaccine .Sufferers of chronic migraines – a debilitating condition that overwhelmingly affects women, has no known cure and contributes to thousands of sick days – are set to benefit after the government announced it will be listing the drug Emgality on the PBS.

 

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