Daily Bulletin

Business Mentor

.

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

Labor has come under fire for some of its budget responses, including its opposition to the schools package, and only partial support for the Medicare levy increase.

Shadow Treasurer Chris Bowen rejects the government’s argument about the schools plan being more “needs-based” than present arrangements. He tells The Conversation its “one-size-fits-all” approach will put pressure on families and the public system. “Being needs-based is a bit like being pregnant, isn’t it? You either are or you aren’t.”

Bowen defends targeting the Medicare levy rise only at higher-income earners by saying Australia’s low wage growth and other factors mean the circumstances are different from when Julia Gillard raised the levy across the board.

Small and medium-sized businesses – with a turnover of up to A$50 million – are waiting to find out whether a Labor government would cancel their legislated tax cut.

Labor is “taking a bit of time” before announcing its position, Bowen says, to look at “all the implications.” He’s commissioned work from the Parliamentary Budget Office.

“There’s all sorts of stuff on the public record that I carefully sift through so that when I make a recommendation to shadow cabinet it’ll be a good one and a firm one and enable a good discussion.”

On the controversial Adani Carmichael coal mine, which is dividing Queensland Labor and is publicly opposed by several federal ALP MPs, Bowen stresses the project’s future must rest squarely on its own merits, without government subsidy. “If it stacks up, it stacks up.”

Authors: Michelle Grattan, Professorial Fellow, University of Canberra

Read more http://theconversation.com/politics-podcast-chris-bowen-on-labors-budget-responses-78260

Business News

CHOOSING BETWEEN PRINTED TABLE COVERS AND TRADITIONAL ADVERTISING: A MODERN TWIST TO BUSINESS BRANDING

In the diverse world of marketing and advertising, brands continually seek effective ways to capture attention and engage potential customers. While traditional advertising methods like billboards, ...

Daily Bulletin - avatar Daily Bulletin

How to Get the Best Value When Buying Cardboard Boxes

Cardboard boxes have become an indispensable part of daily life, whether for moving houses, shipping products or simply for storage purposes. The key to making the most out of these versatile contai...

Daily Bulletin - avatar Daily Bulletin

BYD Expands in Australia: Introducing Chinese Dealerships and Pioneering Innovative Operations

Recently, BYD has been generating significant buzz with the launch of its two new stores in Melbourne and Sydney, revealing some exciting developments. Notably, BYD’s Chairman, Wang Chuanfu, graced ...

Daily Bulletin - avatar Daily Bulletin

Tomorrow Business Growth