Prime Minister Julia Gillard has announced a 0.5% increase in the Medicare levy to help fund the National Disability Insurance Scheme (NDIS) - but Labor will not bring in legislation for the higher tax…
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Articles on Wayne Swan
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The estimate of budget tax revenue collection for 2012-13 has been further slashed, with the Treasury now saying it will be $12 billion less than forecast in October. The revision is another blow to a…
Treasurer Wayne Swan will today promise to release the 2012-13 budget outcome “well before the election”, as part of measures to increase budget transparency and put pressure on the opposition over costings…
Treasurer Wayne Swan has acknowledged it’s unlikely the government will deliver the budget surplus it had been promising for next year, following the release of a disappointing monthly financial statement…
Treasurer Swan could reduce the headline corporate tax rate from its current 30% rate to just over 15%, with virtually no consequences for government tax revenue with one simple piece of legislation: simply…
Treasurer Wayne Swan recently noted that Australia now has the world’s twelfth largest economy. This suggests it has moved up three places during Labor’s period of office, and regained the three places…
Wayne Swan’s remark last month that the US Republican Party had been taken over by “cranks and crazies” is notable in two respects. First, it is true. Second, it marks a further move towards a globalised…
Foreign investment, like any other policy, is a complex juggling act. A balance between welcoming foreign investment – without which Australia cannot survive – and protecting Australian interests in not…
Wayne Swan’s deeply felt and widely pilloried use of the music of Bruce Springsteen as some kind of political motivation begs some interesting questions. On the one hand it has those of us who remember…
“Class warfare” is an emotive term that would seem to belong to a bygone age when there also existed, as in the minds of many people, something called the “class struggle”. It would seem strange that in…
Labor’s budget continues a path set since 2007. It shows the technocratic skill of a government clever at policy detail; but also one unable, or perhaps unwilling, to challenge the economic straitjacket…
The 2012 budget came at a particularly challenging time for Labor. The government has sought to achieve two distinct (if related) political goals: bolster Labor’s “economic management” credentials and…
“Walk into the local pet shop and the resident galah will be talking about microeconomic reform.” So Paul Keating once famously quipped about the significance of the government’s microeconomic reform agenda…
As Treasurer Wayne Swan approached the despatch boxes tonight, the nation’s political focus was finally fixed on the Gillard government’s second budget. His speech ended a budget day like no other, with…
Mining magnate Clive Palmer has put his name forward to run for the Liberal National Party (LNP) against Treasurer Wayne Swan in the Queensland seat of Lilley at the next election. Palmer has been a vocal…
When they each ran significant chunks of the Australian mining industry in the 1970s, the late titans Sir George Fisher and Sir Maurice Mawby were often dismayed at the attacks politicians, and others…
Over the last year or so, the Occupy movement has garnered wide attention, with people of all backgrounds gathering to protest the deteriorating social conditions. However, these grievances have been running…
Australians are in a unique place today – we are witnessing our democracy being called to account. The nature of Australian democracy is being debated by on the one hand, its Treasurer and on the other…
Spare a thought for Peter Costello. His successor as Federal Treasurer, Wayne Swan, has just been named Finance Minister of the Year by Euromoney magazine. It is a bit like seeing the plodding nerd at…
“We are animated by but one desire — to do that which is best for Australia, and fair, just, and equitable to all the states, and to all classes and sections of our community.” This quote comes from the…
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