After some years the Coalition’s proposals would cost $40 billion per year more than Labor’s, but by then Labor will have probably cut tax further too.
The parliamentary budget office expects Australians to be paying significantly higher average tax rates in 2020/21, but their assumptions bear no relation to reality.
Christian Porter said Australia’s welfare system ‘was costing over 100% of all income tax raised’ under Labor after the GFC, and that it’s ‘around 80%’ under the Coalition. Is that true?
Budget repair was put off till later, and the net impact of decisions in the budget was small, but it will be easier to defend in the coming election campaign than some other recent efforts.
“Are you nervous?” journalist Laurie Oakes asked Scott Morrison two days before the treasurer brings down his first budget. Morrison didn’t answer that but he has every reason to be anxious. As he keeps…
The federal budget deficit from now through to 2018-19 is likely to be $129 billion, $21 billion worse than in the December official budget update, according to Deloitte Access Economics.
On Monday, a scarifying account of Tony Abbott’s prime ministership appears in the bookshops. By journalist Niki Savva, The Road to Ruin: How Tony Abbott and Peta Credlin Destroyed Their Own Government…
Treasurer Scott Morrison has “rescaled” the tax debate to hold out the prospect of “modest” tax relief that may prevent average wage earners moving into the second highest tax bracket.