Need and social goals
Australia is a wealthy country. Although the current slowdown in the rate of economic growth has had a substantial impact on the government’s finances, the fact is that much of the ‘boom’ preceding this downturn was squandered through round after round of tax cuts. This occurred to such an extent that, despite the fact that GDP has almost doubled in the past 20 years, we still hear our governments say that we lack the resources to invest in indigenous health, to educate our young, to care for our elderly or to protect ourselves from climate change. Tackling these problems does not require complex policy solutions; it simply requires the political will to do so. Unfortunately, judging by the first two Rudd Government budgets, that will does not currently exist.
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Stage 3 Better – Revenue Summit 2023
Presented to the Australia Institute’s Revenue Summit 2023, Greg Jericho’s address, “Stage 3 Better” outlines an exciting opportunity for the government to gain electoral ground and deliver better, fairer tax cuts for more Australians.
Richard Denniss: National Press Club Address
On Wednesday, 31 January 2024, Richard Denniss and Allegra Spender MP addressed the National Press Club for a debate on the Stage 3 tax reforms. **Check against delivery** [See below for transcripts] Tax is good. Tax is an investment in our society and the highest taxed countries in the world also happen to be the
RN Breakfast: Redesigning the Stage 3 Tax Cuts
Richard Denniss joins ABC RN Breakfast with Patricia Karvelas to discuss redesigning the Stage 3 tax cuts.