Prime Minister Anthony Albanese has continued to defend Labor’s proposed stage three tax cuts, stating they will “overwhelmingly” benefit struggling middle-class families. Speaking to reporters on Saturday, he maintained the policy was “the right decision,” and an appropriate response to the ongoing impact of Covid-19 supply chain issues, persistent inflationContinue Reading
A new map has illustrated the depths of Australia’s rental crisis, with many essential workers no longer able to afford rent in any part of the country. Anglicare’s new heat map shows the areas in which essential workers, such as nurses and teachers, are suffering rental stress the most. NursesContinue Reading
Younger Australians helped propel the Labor Party and Anthony Albanese into power at the last election, but new research shows Generation Z and Millennials have lost faith in the government. A survey conducted by youth advocacy group Think Forward found younger generations see the tax system as being “rigged” againstContinue Reading
The expiration of a Morrison-era deal to ensure no state was “worse off” could result in inefficient taxes and risk essential services, according to the NSW budget. Buried in NSW Treasurer Daniel Mookhey’s first budget was a warning about the GST safety net, challenging his federal counterpart to make theContinue Reading
A TikTok influencer’s video exposing how young workers pay significantly more tax than older wealthy Australians has sparked furious debate online. Sydney man Jack Toohey shared a clip to the social networking site outlining four different scenarios – a property investor, a late career professional, a retiree, and a youngContinue Reading
Australia’s housing crisis, falling international competitiveness, lacklustre wages growth and the impact of climate change all risk worsening if wholesale tax changes aren’t pursued, independent MP Allegra Spender has warned. Inviting representatives from unions, environmental and social services groups and community sector organisations to the latest round of consultations forContinue Reading
An economic blueprint for Australia’s next 40 years will show the ballooning cost to sustain an ageing population and the challenges to pay for it amid sluggish growth. The latest iteration of the Intergenerational Report will be released on Thursday, painting a picture for the next four decades. It willContinue Reading
Politicians must put politics aside and have a “mature conversation” on tax reform, Nationals leader David Littleproud says. The latest Intergenerational Report – to be released on Thursday – is set to provide a detailed assessment of Australia’s economy over the next 40 years. The report will show that theContinue Reading
A Melbourne professor has blamed “privileged” families with holiday homes for the housing crisis, arguing that while “your beach house is lovely … it’s killing Australia”. David Hayward, Emeritus Professor of Public Policy at RMIT University, weighed in on the housing affordability debate in an opinion piece for The AgeContinue Reading
Labor would set a dangerous precedent by creating two classes of welfare recipients if it increases JobSeeker only for Australians aged over 55, a leading economist has warned. Grattan Institute chief executive officer Danielle Wood said she understood the federal government’s desire to keep any welfare payment increases “modest” givenContinue Reading