Here’s a thread where you can vent about the budget, should you so desire.
Peter Martin has a handy list of what we already know, which is quite a lot.
The ABC does too.
Ross Gittins tells us what not to believe. He reckons they don’t use the appropriate accounting methods to add up the figures. He also says not to obsess so much about deficits. It is the government’s responsibility to borrow to spend on infrastructure and other good things.
John Quiggin posts on the tax cut to those earning $80,000 or more. Apparently about 3 million will get a bit. Most of them either vote Liberal already, or wouldn’t be impressed enough to change their vote.
Maybe it’s just so that Turnbull and Morrison can spruik “tax cuts” and that’s the cheapest way of doing it.
Seems Morrison thinks the average worker gets $80,000, whereas the median full-time worker gets only $45,000, which would be more ‘typical’. That’s if everyone had a job who wants one and we ignore part-timers who would like to work full-time.
Paula Matthewson reminds us that the budget in this context will be a highly political document.
- Labor will be depicted as the spendthrift, irresponsibly ratcheting up taxes but still spending more than it earns. The Coalition’s decision not to tamper with negative gearing clears the way for it to depict Labor’s reforms as a tax increase rather than a housing affordability issue.
This will be a compelling argument for voters still disposed to the view that Labor cannot be trusted with the keys to the Treasury coffers. The Ipsos poll found just a few weeks ago that only 25 per cent of voters said they believed Labor had the best policies for managing the economy, while 43 per cent nominated the Coalition.
We will likely see in Bill Shorten’s budget reply later this week how Labor intends to deal with that perception deficiency.
And then voters will be off to the polls.
She thinks the final decision could rest on which party voters distrust the least.
Unfortunately the one thing we won’t have from our politicians is a mature debate.