Violence in our churches

We must always condemn violence. There must be no tolerance for brutality,…

Treasuring the moment: a military tattoo

By Frances Goold He asked if we had anything planned for Anzac Day. "A…

Top water experts urge renewed action to secure…

The Australian Academy of Technological Sciences and Engineering (ATSE) has today urged…

Warring Against Encryption: Australia is Coming for Your…

On April 16, Australia’s eSafety commissioner, Julie Inman Grant, issued with authoritarian…

Of Anzac Day

By Maria Millers For many the long-stablished story of the Gallipoli landings and…

Media statement: update on removal of extreme violent…

By a spokesperson for the eSafety Commissioner: Yesterday the Federal Court granted…

Why I'm Confused By Peter Dutton And Other…

I just realised that the title could be a little ambiguous. It…

Not in my name

By Roger Chao Not in my name In this quiet hour, I summon words,…

«
»
Facebook

Tag Archives: budget savings

Operation Bleedin’ Obvious.

I’ll keep this short.

Need money? Here’s some:

Axe the Paid Parental Leave scheme. Saving $22.2 billion over the forward estimates.

Axe Direct Action. Saving $2.55 billion over the forward estimates.

Tax voluntary superannuation contributions at the employee’s marginal tax rate. Saving $17.8 billion this financial year and $20.7 billion by 2016-17.

Axe the 50 per cent discount on capital gains tax. Saving $5.4 billion, climbing to $7.6 billion by 2016-17.

Stop negative gearing. Saving $4 billion a year.

Cap defence spending at $20 billion a year. Saving $40 billion over the forward estimates.

Cancel the extra 58 fighter jets. Saving $12.4 billion.

Reinstate the reporting obligation for car business use. Saving $1.8 billion.

Axe the company tax cut. Saving $4 billion a year.

Keep the mining tax. Revenue of $3.4 billion over the forward estimates.

Increase the top marginal tax rate from 45 to 47 per cent and apply it to all earnings over $150,000 rather than the existing threshold of $180,000. Revenue of $8.1bn over four years.

Introduce a Financial Transactions Tax. I don’t have current figures but if a 0.05% FTT were collected on Australian “over-the-counter” and exchange traded market transactions between 2005-06 and 2008-09, it would have raised $48 billion.

Are we there yet?

Get your hands off our kids, our elderly, our unemployed, our sick and disabled. Threaten me again and I will get REALLY angry.

image