Extracts from the Coalition's policy document that has been taken down regrading the internet filter:
Labor's strong economic management has delivered important cost of living relief to families.
Under Federal Labor:
- Taxes are lower - someone earning $50,000 a year is paying around $2,000 a year less than they were when Labor was elected in 2007.
- Interest rates are lower - an Australian family on a $300,000 mortgage today pays around $6,000 a year less in repayments than when Labor came to office.
- Families will save $380 next year because Labor is moving to an emissions trading scheme a year earlier and capping carbon pollution. Mr Abbott's proposed Direct Action scheme would cost families an extra $1,200 when fully implemented.
- Receive the Shoolkids Bonus - $410 for each primary school student and $820 for each secondary school student, to help cover the cost of books, stationery, computer equipment and school uniforms.
- Australia's first national Paid Parental Leave scheme started - helping families look after their babies at a time when costs go up and family income goes down (Eligible working parents are paid up to 18 weeks of government funded paid parental leave, worth $11,200 before tax).
- The Childcare Rebate rose from 30 per cent to 50 per cent for out-of-pocket childcare expenses - providing families with up to $7,500 per child each year towards childcare costs. In addition, families will benefit from more places and flexible child care options for their children.
- Since September 2009 the maximum rate of the pension increased providing around $207 per fortnight for singles and $236 per fortnight for couples combined.
- The household assistance package was implemented – giving families on FTB-A up to $113 a year per child and families on FTB-B up to an extra $69 a year, as well as tax cuts, to help with the modest increase costs associated with the carbon price.
Australia continues to record wage growth for households and modest inflation according to a recent report by the National Centre for Social and Economic Modelling (NATSEM).
However there remain cost of living pressures. Labor is assisting families and pensioners through measures such as the SchoolKids Bonus, the Income Support Bonus, trebling the tax-free threshold, increasing pensions and helping increase Australians retirement savings. These are all measures that Tony Abbott has either voted against or will cut should he be elected.
Mr Abbott has promised to:
- Cut the School Kids Bonus, hurting 1.3 million families - a typical family with two kids will be $1,230 worse off each year if Tony Abbott has his way.
- Cut the Income Support Bonus – ripping $1.1 billion from the lowest income Australians (around 1.4 million income support recipients).
- Impose a new $1,200 tax on families to pay for his Direct Action scheme.
- Make families, retirees, part-pensioners and shareholders pay for his expensive and unfair paid parental leave scheme, giving millionaire mums $75,000 to have a baby.
- Increase superannuation taxes by up to $500 for one in three workers by cutting the Low Income Superannuation Contribution.
- Delay Federal Labor's increase in the Superannuation Guarantee, cutting the retirement savings of 8.4 million Australians.
The Coalition’s Direct Action is nothing short of a train wreck. Not only is it unlikely to meet the emissions reduction target, it will cost the budget billions and billions of dollars.
Ever since its release in February in 2010 the policy has been torn to shreds by almost every expert in the field.
Malcolm Turnbull is right. Direct Action is a “fig leaf” and would be a “very expensive charge on the budget in the years ahead.”
In contrast, Labor’s climate policy not only works, it is environmentally effective, economically responsible and socially fair.
History of the Coalition’s Climate Train Wreck
Shergold Report released to Howard Government rejecting direct action and regulatory approaches over an emissions trading scheme because they ‘"would impose a far heavier burden on economic activity".
31 July 2008
Wilkins Review looked at failures of direct action style schemes which had been implemented in Australia, such as the failed Greenhouse Gas Abatement Scheme, and warned "project based abatement is difficult to achieve through a grants program – further demonstrating why the ETS is a superior approach to achieving large scale abatement."
1 December 2009
Tony Abbott defeats Malcolm Turnbull by one vote for the leadership of the Liberal Party.
7 December 2009
Turnbull opinion piece makes clear that the new policy would be “an environmental fig leaf to cover a determination to do nothing”.
The independent analysis is in: Despite the biggest global financial downturn since the Great Depression average household incomes have continued to grow by $5,324 per year after factoring in cost of living increases.
This is the conclusion of a new report released by the National Centre for Social and Economic Modelling (NATSEM).
The NATSEM’s report also finds:
- A small change to cost of living last year last year – 1.7 per cent for 2012-13.
- A 2.8 per cent growth in household incomes in 2012-13.
The report also endorses Federal Labor’s strong management of the economy over the past 6 years.
Tony Abbott has spent much of this campaign asking the question “are we better off than we were six years ago?” With less than 4 days to go till polling he’ll no doubt provide the correct and real answer to this question.
Costings – is that something your accountant does with your tax return? Not quite, perhaps a needlessly wonkish sounding and inside the beltway term, but they form an important part of holding political parties to account.
Costings are the details of what political parties estimate their policies cost and on what basis they will be funded. There are many ways to develop costings and many assumptions that can be made about policies such as when a particular policy starts, how many people would benefit etc? That is why you need a transparent and independent umpire to verify the assumptions used to determine how much your promises cost and whether your announced savings will cover the cost.
This is partly why John Howard and Peter Costello set up the Charter of Budget Honesty. Through the Charter they established a process where the Treasury and the Department of Finance are at arm’s length from political parties and independently cost announced election policies. The Departments conclusions are published publically for everyone to judge the numbers.
"Companies would make a submission to the politburo's soon-to-be-established Ministry of Largesse, and the cheapest-very-expensive proposal to cut emissions wins a Prius packed with rapidly devaluing recycled-paper bank notes bearing Tony Abbott's toothy grin on one side, and a halo-wearing Greg Hunt on the other."
Robert Burgess, Business Spectator, 30 August 2013
And it comes with a $35 billion price tag according to a new study.
Print this off for the debate tonight and play along at home. (Hint: Press Control+P on Windows or Command+P on a Mac!)
With 13 days to go until Election Day, Tony Abbott is continuing to hide his cuts from Australians.
Appearing at a stage managed, carefully scripted campaign launch in Brisbane, Mr Abbott had the opportunity to detail how his policies would be funded. Instead what Australians heard was more of the tired, three word slogans of the past three years.
Mr Abbott repeatedly claims that all his polices are costed yet continues to make spending commitments without providing any details or explaining how they will be paid for.
Independent analysis records Mr Abbott having made over $61 billion worth of spending promises since the election was called. As at the time Mr Abbott took the podium today, this equated to spending promises of over $128 million every hour of this campaign – that’s over $128 million worth of hourly hidden cuts.