‘Cruel hoax’: New tax cut blasted
A $5-a-week tax cut from the Albanese government has backfired, with industry panning the move and the Opposition labelling it nothing but a ‘cruel hoax’.
A $5-a-week tax cut from the Albanese government has backfired, with industry panning the move and the Opposition labelling it nothing but a ‘cruel hoax’.
Labor has notched three immediate victories and created a big challenge for Peter Dutton — but productivity, debt and spending are the elephants in the room.
Labor has unveiled a $5 per week tax cut as the centrepiece of its cost-of-living measure, which will deliver just $268 in savings in its first year beginning in July 2026.
Labor is forecasting a dramatic fall in net overseas migration to 225,000 as the rate of new arrivals slow and the temporary migrants who fuelled a post-pandemic population boom exit the country.
Health is a significant focus for the government as it delivers its re-election budget and is hoping cheaper medicines and more bulk billed trips to the doctor will be enough to sway votes.
Defence is struggling to get new capabilities into service and keep its ageing warships and submarines in the water as the AUKUS program devours a growing share of funding.
The government will make one of the largest ever investments in Australia’s social cohesion to restrengthen fraying harmony amid the Israel-Hamas war with almost $180m earmarked across five years.
From selling and buying property to pension entitlements, super, student loans and tax, the devil is in the detail here.
A small tax cut combined with deficits as far as the eye can see ensures there are winners to be found — as long as you’re not looking at the bottom line.
While Jim Chalmers has tried to spread the cheer, his irresponsible giveaways threaten longer-term economic success.
The Albanese government has announced a number of key measures in the budget aimed at easing cost of living pressures. Here’s how it could help you.
From a promise to slash HECS debt to a surprise tax cut for all working Aussies. Here’s how Labor’s pre-election budget pitch will affect you.
It may boast icons such as the Harbour Bridge and Opera House, but the country’s most populous state appears to have lost its appeal.
The Albanese government has invited social media influencers to the budget lock-up for the first time, including one who offers advice on ‘ways to talk with a Dutton supporter.’
Treasurer Jim Chalmers has drawn clear election battle lines over one scheme as he prepares to hand down his fourth budget.
The federal opposition has declared Labor’s $17bn of tax cuts are ‘for the next five weeks, not the next five years’, signalling it will oppose them.
Aussies struggling with power bills and the cost of medicines should be among the biggest winners from Tuesday’s federal budget.
Labor is set to spruik its progress of lowering gross debt ahead of the federal budget, despite Australia’s bottom line set for a string of deficits over the next decade.
The Albanese government will accelerate just $1bn worth of Defence spending in the federal budget over and above its already planned funding trajectory.
Federal Budget: Trade, food security boost but mixed on water, biosecurity
Kooyong MP Monique Ryan and her husband Peter Jordan have ‘unreservedly’ apologised after Jordan was filmed in a heated row after removing an election sign for Liberal candidate Amelia Hamer | VIDEO
Today most journalists run a race-call version of reporting, in which the political winner is the side offering the most free giveaways.
Investors want incentives in next week’s federal budget, but the first big move from the government will look a lot like a pay-off.
The Albanese government is looking at fast-tracking $5bn worth of defence spending in next week’s federal budget.
After being heckled by protesters, the Treasurer said next week’s budget will have a ‘best estimate’ number for rebuilding after ex-Cyclone Alfred as he maintained electricity prices had come down by Labor’s promised 25 per cent.
Peter Dutton has pledged a Coalition government would support reconstruction of the Adass Israel Synagogue of Melbourne, which was firebombed in an anti-Semitic arson attack in December.
Ex-Tropical Cyclone Alfred wreaked havoc on Australians in Queensland and NSW and now its impact on Commonwealth coffers has been revealed.
Jim Chalmers has warned Cyclone Alfred will cost the budget at least $1.2bn, hit economic growth and put upward pressure on inflation.
The PM was asked to offer certainty on whether Labor would hand down a budget on March 25, after-party members were sent invites for the fundraiser.
When the election campaign proper starts, the Prime Minister, the Opposition Leader and frontbenchers have a responsibility to focus on the difficult, complex issues that will determine our quality of life for years ahead.
Original URL: https://www.theaustralian.com.au/topics/federal-budget/page/2