The big problem with the $80K tax cut
PEOPLE who earn more than $80,000 a year are the only Aussies to receive an income tax cut in the Budget. But here’s why the government is unlikely to win any votes from it.
Federal Budget
Cuts they hoped you’d miss
WE’VE trawled through the Budget to find all the things the government is spending your money on – and other hidden nasties.
Budget 2016 winners and losers
IN EVERY Budget there are those who win big and those who lose out. This time, women are among the winners.
NT farmers left hanging over backpacker tax
TERRITORY farmers were left disappointed the issue of the backpacker tax was left unresolved in the federal budget last night
This kid is the real star of the Budget
WERE you bored watching the Budget last night? You weren’t the only one and a seven-year-old boy summed the whole thing up perfectly.
NT short changed in Federal Budget
THE Northern Territory has missed out on any big spending in the 2016 Federal Budget — less than two months out from the anticipated July 2 election
‘Cheap magic trick’ hidden in this graph
HOW should you feel about the 2016 Budget? In one word: suspicious. Some things, like the lines in this graph, just don’t add up.
How the Federal Budget will affect you
EVERYONE from the young and struggling to the much older and more comfortable have been impacted by the Budget.
Big problem the Budget won’t fix
IT’S the big thing news.com.au readers struggle with every day. But indications are it’s not something that will be fixed in today’s Budget.
Making everyone happy just too expensive
OPINION: There are plenty of Liberal and Nationals MPs who will be staring at Wednesday’s newspapers hoping the Treasurer was right when he made this claim during his maiden Budget speech.
Why this is actually a clever Budget
ANALYSIS: This Budget has been skilfully prepared, and it will help the Government in the looming election contest.
Your five minute guide to the Budget
WANT to be a Budget expert, but can’t be bothered taking the next month off in order to read all the papers? This guide will give you all you need to know.
Morrison delivers election Budget
THE waiting and speculation is over. Treasurer Scott Morrison has handed down his first Federal Budget. So what’s in it for you?
Try our Budget calculator
YOU can work out exactly how the Budget will impact you in real money terms using our Budget calculator.
Why working parents lose out again
WORKING parents face paying more out-of-pocket child care fees after a much-spruiked “fairer’’ subsidy was put on ice, but there could be a silver lining in the form of an election pledge.
Multi-billion dollar juggling act
SCOTT Morrison’s election year Budget is a multi-billion dollar juggling act that could save the govt – or sink it.
Cash with a catch for young job seekers
ABOUT 120,000 young Queenslanders considered “vulnerable’’ will be recruited into a $750 million training scheme to help them into the workforce, but there’s a catch.
Australians the Budget always rips off
THE Budget may as well be a bag full of nothing for all the good it will do these Australians.They always miss out.
Get ready for $40 cigarettes
BUYING a pack of cigarettes is going to cost a whole lot more after tonight’s Budget.
What the government isn’t mentioning
IT’S the issue that inspires protests and sparks fierce political fights, and you haven’t heard any ministers crowing about it in the lead-up to the Budget.
Is this the end of the 5¢ coin?
OUR five-cent coin actually costs six cents to make. And today might be the day this annoying piece of shrapnel is killed off.
‘I thought I would leave in a body bag’
REBECA Carro narrowly escaped with her life when she fled a violent 10-year relationship. She’s worried funding cuts will mean other women won’t be so lucky.
Two-minute Budget guide for dummies
TODAY the Turnbull Government will deliver its first Budget. But with words and phrases like surplus and deficit thrown around, it’s no wonder some of us are confused.
Labor forced to defend $19b shortfall
ON THE day Labor was set to attack the Coalition over its Budget, the Opposition has had to explain a $19 billion shortfall in its calculations.
Truth about $80,000 ‘average wage’
WHEN Scott Morrison calls $80,000 the “average wage”, the pronouncement hides a murkier truth beneath the surface.
Labor ambushes Government — by agreeing with it
LABOR today ambushed and embarrassed the Government — by agreeing to do what it wanted.
Our staggering daily defence bill
TAXPAYERS are forking out $87 million every day for the upkeep of our defence forces — and analysts are warning the figure will blow out even further within six years.
‘Hidden hit’: Problem with PM’s ‘fair’ budget
AS THE Abbott Government enjoys a bump in the polls for its self-styled ‘fairness’, new modelling suggests we may have been misled.
Now it’s Shorten’s turn to squirm
A FORMER Labor heavyweight says Bill Shorten’s days are numbered, but has the party really turned against him already?
Libs gut $1.5bn from family budgets
FAMILIES could end up being more than $1.5 billion a year worse off as a consequence of the combined effect of Prime Minister Tony Abbott’s first two budgets.
Why the ‘Google tax’ will fail
EXPERTS have warned that Treasurer Joe Hockey’s crackdown on multinational tax avoidance is doomed to be the ‘Mining Tax 2.0’.
A super election is coming
CHRIS Bowen has taken Tony Abbott’s bait and wants to fight head on about superannuation.
Parental leave cuts may backfire
THE Federal Government could end up spending more on childcare subsidies for new mums than if it had allowed them to stay home for an extra 18 weeks on maternity leave.
The $20 million project nobody wants
IT’S one of the headline measures in the Abbott government’s Budget, with $20 million in funding. But the people it’s supposed to benefit don’t want it.
Why can’t we have more child care?
WHY is it so hard to open more child care centres in areas where parents are crying out for extra services? And will the new Budget measures help?
What we’re doing to our grandkids
THE Federal Budget has generated positive buzz for the government, but Anthony Keane warns Australia is not facing up to the stark reality of its financial future.
Tony’s Tradies set for new wheels
THE cost of some cars will almost halve for eligible businesses and sole traders following the recent Federal Budget. Here are the vehicles they’ll be looking at.
Child dental care to go up $75
FAMILIES are facing gap fees of up to $75 for their child’s dental care after Federal Government froze indexation of Medicare rebates in the budget.
Hidden Budget nasties you missed
WITH so many sweeping changes announced in the Budget, it’s easy to lose track. Here are the hidden nasties (and surprise sweeteners) that you may have missed.
Shorten tosses $4b spanner in the works
BILL Shorten has vowed to slash small business tax to an historical low of 25 per cent in a challenge to the Government’s 1.5 per cent cut announced in the budget.
Big problem at the centre of Joe’s budget
EVERYONE’S talking about the benefits, but there is a very big problem with the centrepiece of Joe Hockey’s budget that hasn’t been touched on yet.
Illness: Keep it 9-to-5, or suffer
OUT-of hours health care is set to become chaotic with the popular GP helpline to be axed and at least one after-hours service threatening to close.
How Labor would spend our money
BILL Shorten tonight launched Labor’s plan to harness technological innovation through specialist training to create the jobs of the coming two decades.
Hockey’s ‘Mark Zuckerberg’ budget
IT’S not just small business — and big retailers — who are happy about Joe Hockey’s second budget. The Treasurer has won over a surprising group.
What Bill Shorten’s really planning
HE’S under pressure to show the country he’s ‘got what it takes’ to be Prime Minister. Tonight, Bill Shorten will have our full attention.
Bill Shorten’s budget reply tactic
OPPOSITION leader Bill Shorten will deliver his budget reply speech tonight. Here’s his plan to attack the government.
Why your breakfast is going to get more expensive
THE Budget will force up the cost of a healthy breakfast, but don’t blame the Government. Blame the banana freckle.
The budget feeding frenzy has begun
RETAILERS are already rubbing their hands in anticipation as small business owners set their eyes on big-ticket purchases to claim the $20,000 tax break.
‘Give us backpackers not bludgers’
FARMERS want backpackers to do their fruitpicking but fear changes to the working holiday visa are about making them hire “dole bludgers” instead.
Volunteers get to keep childcare
STAY-at-home mums would need to undertake four hours of volunteer work a week to access three days of subsidised childcare under the Government’s new activity test.
Original URL: https://www.heraldsun.com.au/business/economy/federal-budget/page/21