This budget has effectively been written by the Labor and minor parties by restricting what measures they will allow through the senate, while they blame the government for the resulting deficits.
Most significantly 56% said they were prepared to pay higher tax. While Greens (75%) were the most generous, even 46% of Liberal voters said they were prepared to pay more.
There is a good argument to keep taxes as low as possible. It’s an argument that is losing ground in modern Australia.
One of our best economic commentators makes fundamental errors about negative gearing, the ABCC and housing prices.
Malcolm Turnbull’s popularity seems a lot like Kevin Rudd’s on the basis of our polling. So will it disappear just as quickly and catastrophically for his own party?
This morning Bill Shorten admitted on ABC Radio’s AM program that Labor’s negative gearing policy would not achieve its headline goal as a “Positive Plan to Help Housing Affordability”.
Such "low tax" countries as Germany, France, Italy and even New Zealand tax capital gains at 0%, but Labor would tax at a level second only to Denmark.
The Labor Party’s negative gearing policy has the potential to become a rerun of its mining tax – creating major upheaval and uncertainty but raising very little additional revenue.
Moreton MHR Graham Perrett claims an increase in expenditure on health and education is actually a decrease.
Number of patients stable with population, but on average receiving 30% more services, but the benefit per patient has increased 72%. Over the same period inflation increased 30%.