among the group of “Five Eyes” economies of New Zealand, Canada, the United Kingdom and United States.Rod Sims, this week said personal income tax had been “maxed out”The International Monetary Fund, Organisation for Economic Co-operation and Development and former Treasury secretary Ken Henry’s 2010 tax review for the Rudd government have all repeatedly urged this.
Sims and Fraser both say times have changed. The electorate may be more open to super profit taxes on resources companies and a carbon price, given households are hurting from rising energy bills and are more supportive of action on climate change.There are political risks for Labor in fiddling with the stage three tax cuts. Albanese campaigned on integrity at the election and hounded Morrison for being a so-called liar.
It is ironic that the government wants to increase childcare subsidies for families earning up to $530,000, but doesn’t want to return “bracket creep” to workers. “Four have young kids, so saving is difficult. None of them are remotely wealthy. And they work ridiculously hard. And they just get slammed with tax. Most of the major parties would have you believe they are rolling in money, which is a very long way from the truth.”
“Defence spending will rise 4.4 per cent per year over the same period,” he says. “We’ll also see spending grow by 12.1 per cent per year for the NDIS, 6.1 per cent for hospitals, and 5 per cent for aged care.”
our media is a pile of steaming pile of💩 no wonder people are turning online to get more objective information.
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Hard figures disprove idea stage three tax cuts are just for the richIt won’t be the harbourside mansion dwellers who will be hurt by a broken promise of this kind. It will be the train drivers, miners and tradies who make this country tick, writes AM Agenda Host Laura Jayes. ' Ttain Drivers' Yeah, way to go Laura And it starts.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Scrap ‘dodgy’ tax cuts to fund Labor spending: former RBA bossLabor should do the honourable thing by scrapping the stage three tax cuts to pay for its ‘expensive’ spending says Bernie Fraser. GrogsGamut Yes. I can't beleive Labor politicians would have such a pathetic grab on their minds. I can’t think of a single worse thing to spend money on than “Labor Spending”. Dodgy is a good summary for the legislated tax cuts
Source: FinancialReview - 🏆 2. / 90 Read more »
Marles responds to 'where's Albanese?' question on tax cutsRichard Marles has been accused of failing to give a 'straight answer' to the question of whether Labor will break its promise on the stage three tax cuts, as he defended Anthony Albanese amid questions about the PM going missing on the issue. You can be guaranteed that LABOR GOVT will back off their original agreement. THERE WILL BE NO TAX CUTS WHILE LABOR ARE IN POWER. It’s fun seeing the opposition wetting themselves knowing they are irrelevant these days. NOTHING IS FACTUAL ON SKY
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Albanese backs Chalmers on income tax cut U-turnThe nation’s highest income earners stand to lose thousands of dollars a year in promised income tax cuts under changes being contemplated by Labor. They’re not losing the money from tax cuts they never got it. Good to see PhillipCoorey reporting style hasn’t changed with governments. Albo was a young socialist and never changed his views. Never grew up. How do they “lose” money they never had?
Source: FinancialReview - 🏆 2. / 90 Read more »
Albanese on 'being economically literate'The Prime Minister said he was 'being economically literate' when quizzed about whether comments he made during a speech were laying the groundwork for changes to the stage three tax cuts. The Liberals refuse to see what's happening in the world around them, that's far more dangerous I think he meant illiterate? Meanwhile many opinionators in this neighbourhood seem to require assistance with their economic literacy.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
A familiar, dirty old smell has returned to politicsLabor’s argument for curbing the stage three tax cuts has some merit, but it should have, and could have, been made before the election. *groan* Labor’s argument was ‘we’re going to implement the stage three tax cuts’ They also has ‘a plan’ I understand why you didn't include the writer's name. No prizes for guessing who wrote that rubbish.
Source: FinancialReview - 🏆 2. / 90 Read more »