Daily Bulletin


  • Written by Michelle Grattan, Professorial Fellow, University of Canberra

In the lead up to the 2019 election, the Shorten opposition attacked the government’s planned 2024 tax cuts, and promised to curb negative gearing and halve the capital gains tax discount.

Last week, the Albanese opposition said it wouldn’t try to unwind the tax cuts and would leave negative gearing intact - a pragmatic decision designed to make the party a small target at next year’s election.

Speaking to The Conversation in the Mural Hall in Parliament House – COVID restrictions prevented a visit to his office – Shadow Treasurer Jim Chalmers defended the change of stance:

“I think people understand that the highest priority right now needs to be the management of this pandemic, which is doing such damage to the economy and to local communities, and also what the economy and our society will look like after Covid-19. And what we’re able to do now is to focus properly on that. And that’s why we took that decision and why we announced it immediately.”

In a populist move this week, the opposition called on the government to provide a $300 incentive to anyone who was fully vaccinated by 1 December. Such an initiative – vehemently rejected by the government – would cost $6 billion, which Chalmers concedes “is not a small amount of money” but “is a fraction of the money that the government has given in JobKeeper for companies whose profits actually went up and didn’t need JobKeeper support. $13 billion at least wasted there.”

Chalmers says $300 per vaccinated person would be “a lot of bang for buck in terms of public health outcomes, but also in terms of economic outcomes.”

If successful at the election, as treasurer Chalmers would be inheriting an enormous debt, with not much room for spending. Despite this, he says Labor’s approach to spending “won’t be held to constraints that the government’s not held to.”

“The government spent a 100 billion dollars in one night on budget night[…]not a dollar offset, and nobody’s saying to the government ‘what taxes are you raising to pay for that 100 billion dollars in spending?’

"The commitment I give to the Australian people as the alternative treasurer is our budget position will reflect the needs of the Australian people and the economy[…]

"It will be more responsible than the Liberals. We won’t be taking a lecture on responsibility from the most wasteful government since Federation, and our budget settings will reflect the economy.”

Listen on Apple Podcasts Politics with Michelle Grattan: Shadow Treasurer Jim Chalmers on promoting vaccine uptake and a 'modest spending program'

Stitcher Listen on TuneIn

Listen on RadioPublic Politics with Michelle Grattan: Shadow Treasurer Jim Chalmers on promoting vaccine uptake and a 'modest spending program'

A List of Ways to Die, Lee Rosevere, from Free Music Archive.

Authors: Michelle Grattan, Professorial Fellow, University of Canberra

Read more https://theconversation.com/politics-with-michelle-grattan-shadow-treasurer-jim-chalmers-on-promoting-vaccine-uptake-and-a-modest-spending-program-165624

Everything You Need To Know About The Nangs Melbourne


Insulation inspiration: how to insulate your home


Australians Are The Most Enthusiastic Casino Gamblers


The Conversation

Business News

5 Major Tips And Strategies To Overcome Communication Breakdown At The Workplace

Communication breakdown in the workplace is one of the biggest challenges for the business and its employees. Big or small, every workplace is made up of different types of people coming from dif...

NewsServices.com - avatar NewsServices.com

World leading Aussie sun safe clothing brand, SParms, sponsors PGA Legends Tour

SParms signs historic agreement with the PGA of Australia to take on the naming rights sponsorship of the PGA Legends Tour for two years. With more and more people picking up golf clubs over the ...

Tess Sanders Lazarus - avatar Tess Sanders Lazarus

Sole Trader Versus Partnership: Which Should You Choose?

In Australia, there are a few main business structures businesses can register to operate legally in the country. The two most common structures are sole trader and partnership. These structures a...

NewsServices.com - avatar NewsServices.com