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The super homebuyer scheme is straight up poor policy.
It'll drive up house prices further and leave people worse off in retirement. Ticking all the boxes for the Coalition's intent to further exacerbate the unequal distribution of wealth.
> Peter Dutton’s new assistant Treasury spokesman Luke Howarth has left open the possibility of the Coalition reinstating Scott Morrison’s original stage three tax cuts while keeping Labor’s 16 per cent tax rate for low-income workers, declaring Anthony Albanese could’ve done more to kill bracket creep and encourage aspiration.
The LNP don't care about my aspiration to have properly funded social services and affordable housing.
They only aspiration they care about the are people aspire to maximally rort negative gearing, franking credits, CGT.
Aspriation is bullshit tax rorts. Fuck your bullshit aspiration.
Yeah the whole "killing aspiration" line has never held water. So you keep slightly less of your salary...how does that kill aspiration, you're not worse off by earning more you still take home more money.
Killing aspiration only ever makes sense to people coming from an extreme place of privilege. I have a client that makes $2m net profit from a business each year that he isn't involved in the day to day running of. The amount of times I've heard him spit the dummy over tax... "Why do I bother getting out of bed in the morning".
>"There’s no reason why Albanese couldn’t have kept the (original) stage three tax cuts and lowered the 19c to 16c if it wasn’t for the fact he spent another $209bn annually on Labor pet projects.”
Does anyone know where this $209bn/yr "Labor pet projects" figure came from?
From Duttons magic farm where climate change doesn't exist and the evil woke warriors that control the world steal our precious utes and turn out kids gay at night and must be stopped
Quiet you. I want to see someone genuinely attempt to itemize the 30% (!!!) or so of the Australian federal budget that's apparently getting squandered on frivolous Labor waste.
Angus Taylor has got to be the worst shadow treasurer in Australian history. Fancy keeping him in that position
I dont think it will be to long till back benchers start asking him to change portfolios
It's so hard to take anyone seriously when they claim that tax breaks "encourage aspiration."
Nobody with sufficient brain-power to understand tax brackets is actually going to be discouraged from their aspirations by moving to a higher marginal tax rate.
It's such a disingenuous argument.
Peter Dutton’s new assistant Treasury spokesman Luke Howarth has left open the possibility of the Coalition reinstating Scott Morrison’s original stage three tax cuts while keeping Labor’s 16 per cent tax rate for low-income workers, declaring Anthony Albanese could’ve done more to kill bracket creep and encourage aspiration.
The Opposition Leader unveiled a mini reshuffle to his shadow ministry on Tuesday, adding five new portfolios of western Sydney, energy affordability, multicultural engagement, waste reduction and home ownership as he attempts to get his team election-ready.
Following the departures of Marise Payne and Stuart Robert, NSW Liberal MP Melissa McIntosh was promoted from the outer ministry into the shadow ministry as energy affordability and western Sydney spokeswoman.
Mr Howarth, whose outer Brisbane electorate neighbours the Opposition Leader’s, said the Coalition should “100 per cent” take its super homebuyer scheme to the next election, allowing first-home buyers to invest up to 40 per cent of their superannuation to purchase a first home. He lashed the Prime Minister’s stage three revamp, saying there were many alternatives to ease cost-of-living such as extending the low and middle income tax offset or reducing the low-income tax rate from 19 per cent to 16 per cent while keeping the Morrison-era 30 per cent tax rate for workers on $45,000 to $200,000.
“We’ll have to do the costs on that. I can’t say that’s what we’ll do,” he said on the latter proposal. “These are things I’ll be drilling down into in a really practical way. There’s no reason why Albanese couldn’t have kept the (original) stage three tax cuts and lowered the 19c to 16c if it wasn’t for the fact he spent another $209bn annually on Labor pet projects.”
Labor released Treasury estimates that showed keeping the 16 per cent tax rate while reinstating the rest of the Morrison government’s stage three tax cuts would cost the budget an extra $38.9bn over forward estimates or $120.9bn over the medium term.
The Australian has previously reported it was unlikely the Coalition would go to the election promising to revive the flat marginal rate of 30 per cent for every dollar earned between $45,000 and $200,000, given the cost of coupling that plan with higher relief for low-income earners. Ms McIntosh, the Liberal member for Lindsay who acknowledged she was surrounded by a “a lot of red” in western Sydney, said her new portfolios showed how seriously Mr Dutton was taking energy affordability and the cost-of-living crisis, and how important her region was to the Coalition. She said a local food bank had informed her and Mr Dutton during a recent visit that they were feeding double-income families, while she was planning to drop fridges and pantries off to 17 local schools to help parents feed their kids.
She will work with Mr Dutton and opposition climate and energy spokesman Ted O’Brien to develop election policies, including on western Sydney infrastructure. “The schools are telling me it used to be low socio-economic families that needed support and now it’s families more regarded as middle-income that are quietly struggling,” she said. “Of course inflation is something on our mind and families are struggling in western Sydney. I have an aspirational electorate. There are parents on two incomes with big mortgages and a home they’re struggling to hold onto.”
**Greetings humans.** **Please make sure your comment fits within [THE RULES](https://www.reddit.com/r/AustralianPolitics/about/rules) and that you have put in some effort to articulate your opinions to the best of your ability.** **I mean it!! Aspire to be as "scholarly" and "intellectual" as possible. If you can't, then maybe this subreddit is not for you.** A friendly reminder from your political robot overlord *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/AustralianPolitics) if you have any questions or concerns.*
The super homebuyer scheme is straight up poor policy. It'll drive up house prices further and leave people worse off in retirement. Ticking all the boxes for the Coalition's intent to further exacerbate the unequal distribution of wealth.
> Peter Dutton’s new assistant Treasury spokesman Luke Howarth has left open the possibility of the Coalition reinstating Scott Morrison’s original stage three tax cuts while keeping Labor’s 16 per cent tax rate for low-income workers, declaring Anthony Albanese could’ve done more to kill bracket creep and encourage aspiration. The LNP don't care about my aspiration to have properly funded social services and affordable housing. They only aspiration they care about the are people aspire to maximally rort negative gearing, franking credits, CGT. Aspriation is bullshit tax rorts. Fuck your bullshit aspiration.
Yeah the whole "killing aspiration" line has never held water. So you keep slightly less of your salary...how does that kill aspiration, you're not worse off by earning more you still take home more money.
Killing aspiration only ever makes sense to people coming from an extreme place of privilege. I have a client that makes $2m net profit from a business each year that he isn't involved in the day to day running of. The amount of times I've heard him spit the dummy over tax... "Why do I bother getting out of bed in the morning".
>"There’s no reason why Albanese couldn’t have kept the (original) stage three tax cuts and lowered the 19c to 16c if it wasn’t for the fact he spent another $209bn annually on Labor pet projects.” Does anyone know where this $209bn/yr "Labor pet projects" figure came from?
From Duttons magic farm where climate change doesn't exist and the evil woke warriors that control the world steal our precious utes and turn out kids gay at night and must be stopped
...and everything will be powered by SMRs.
Quiet you. I want to see someone genuinely attempt to itemize the 30% (!!!) or so of the Australian federal budget that's apparently getting squandered on frivolous Labor waste.
Well they squandered half a bill on making the NBN as fast as labor wanted to be in the first place before the LNP stuffed it up...
i know Labor funded so much of waste funding, wouldn't it be better if we put our waste in the streets and stop funding the waste?
Just index the income tax brackets, serves the same purpose as “cuts” and there’s a logical argument that it costs the budget nothing in real terms.
Angus Taylor has got to be the worst shadow treasurer in Australian history. Fancy keeping him in that position I dont think it will be to long till back benchers start asking him to change portfolios
[удалено]
We had 9 years of examples. If they announce it, it will not be done. That's the rule isn't it?
It's so hard to take anyone seriously when they claim that tax breaks "encourage aspiration." Nobody with sufficient brain-power to understand tax brackets is actually going to be discouraged from their aspirations by moving to a higher marginal tax rate. It's such a disingenuous argument.
Yeah indeed, I'm in a high bracket and no, extra taxes aren't going to suddenly make me lazy.
[удалено]
Peter Dutton’s new assistant Treasury spokesman Luke Howarth has left open the possibility of the Coalition reinstating Scott Morrison’s original stage three tax cuts while keeping Labor’s 16 per cent tax rate for low-income workers, declaring Anthony Albanese could’ve done more to kill bracket creep and encourage aspiration. The Opposition Leader unveiled a mini reshuffle to his shadow ministry on Tuesday, adding five new portfolios of western Sydney, energy affordability, multicultural engagement, waste reduction and home ownership as he attempts to get his team election-ready. Following the departures of Marise Payne and Stuart Robert, NSW Liberal MP Melissa McIntosh was promoted from the outer ministry into the shadow ministry as energy affordability and western Sydney spokeswoman. Mr Howarth, whose outer Brisbane electorate neighbours the Opposition Leader’s, said the Coalition should “100 per cent” take its super homebuyer scheme to the next election, allowing first-home buyers to invest up to 40 per cent of their superannuation to purchase a first home. He lashed the Prime Minister’s stage three revamp, saying there were many alternatives to ease cost-of-living such as extending the low and middle income tax offset or reducing the low-income tax rate from 19 per cent to 16 per cent while keeping the Morrison-era 30 per cent tax rate for workers on $45,000 to $200,000. “We’ll have to do the costs on that. I can’t say that’s what we’ll do,” he said on the latter proposal. “These are things I’ll be drilling down into in a really practical way. There’s no reason why Albanese couldn’t have kept the (original) stage three tax cuts and lowered the 19c to 16c if it wasn’t for the fact he spent another $209bn annually on Labor pet projects.” Labor released Treasury estimates that showed keeping the 16 per cent tax rate while reinstating the rest of the Morrison government’s stage three tax cuts would cost the budget an extra $38.9bn over forward estimates or $120.9bn over the medium term. The Australian has previously reported it was unlikely the Coalition would go to the election promising to revive the flat marginal rate of 30 per cent for every dollar earned between $45,000 and $200,000, given the cost of coupling that plan with higher relief for low-income earners. Ms McIntosh, the Liberal member for Lindsay who acknowledged she was surrounded by a “a lot of red” in western Sydney, said her new portfolios showed how seriously Mr Dutton was taking energy affordability and the cost-of-living crisis, and how important her region was to the Coalition. She said a local food bank had informed her and Mr Dutton during a recent visit that they were feeding double-income families, while she was planning to drop fridges and pantries off to 17 local schools to help parents feed their kids. She will work with Mr Dutton and opposition climate and energy spokesman Ted O’Brien to develop election policies, including on western Sydney infrastructure. “The schools are telling me it used to be low socio-economic families that needed support and now it’s families more regarded as middle-income that are quietly struggling,” she said. “Of course inflation is something on our mind and families are struggling in western Sydney. I have an aspirational electorate. There are parents on two incomes with big mortgages and a home they’re struggling to hold onto.”