Both Labor and the Coalition have been burned in the past by tax reform. Will the teals – an ideologically diverse bloc – be able to open the debate?
Federal Labor may not have made the decision to give Western Australia billions of dollars of extra GST,but it must now deal with the consequences.
The cost of a deal aimed at placating WA as its share of GST dropped is now growing faster than the NDIS and defence spending. But Jim Chalmers is sticking by it.
Figures released by the Finance Department on Friday show the federal government is already $5.5 billion ahead in tax collection this financial year,helping to reduce the budget deficit.
NSW Labor leader Chris Minns visited a Perth train manufacturing facility with McGowan on Tuesday on a ‘fact-finding’ mission.
A deal to placate WA over its GST revenue was supposed to cost $2.3 billion,but it is on track to surpass $24 billion – just as government debt hits $900 billion.
Anthony Albanese couldn’t afford to oppose the “stage three” tax cuts before the election,but the policy now represents a time bomb for Labor.
New population estimates by the federal Treasury show there are 68,000 more residents in the state than had been expected,in what will prove a fiscal and political windfall for WA.
New population estimates will lead to less GST revenue for the nation’s two largest states and could strip them of federal MPs.
The election spendathon and the federal budget put into stark relief the financial rip-off that Victoria suffers for our membership of the federation.
Younger workers carry the overwhelming income tax burden to pay for an ageing population,yet wealth is increasingly concentrated among older Australians. Neither side of politics is confronting this challenge.