Experience the excitement of the $300 energy rebate being offered to every Australian household, a $3.5bn initiative at the heart of the pre-election cost-of-living budget. Stay tuned for live updates!
Discover what the Federal budget 2024 has in store: $300 energy rebates, reduced medicine costs, and rent relief as part of Jim Chalmers’ cost-of-living budget. Karen Middleton delves into Chalmers’ empathy and aspirations for the upcoming election.
Uncover the winners and losers summary of the Federal budget 2024. Sign up for our morning and afternoon news emails, download our free app, or tune in to our daily news podcast.
Nick McKim echoes EY chief economist Cherelle Murphy’s sentiments on redistributing funds to better support those in need without fueling inflation. By reallocating resources from unnecessary recipients to deserving individuals, we can make a significant impact.
McKim proposes ending excessive tax benefits for property investors with multiple properties, implementing rent freezes and caps. Taxing billionaires and CEOs based on their wealth could fund increased income support, lifting many Australians out of poverty.
The surplus in the budget reveals a prioritization of political gain over meaningful assistance for those facing hardships. Despite rhetoric on climate change and cost of living, Labor falls short in taking decisive action to address urgent challenges.
Witness the unveiling of the budget tonight, where Labor’s promises will be put to the test. Will they deliver the necessary solutions with the urgency and scale required?
Continue reading for more updates and insights.
2024-05-14 05:45:18
Original from www.theguardian.com