Community
Albanese Defends Tax Cut Remix Amid Cost-of-Living Crisis: A Political Brawl Unfolds
Prime Minister Anthony Albanese has defended his decision to rework the stage three tax cuts as the “right thing to do” during a drawn out cost-of-living crisis.
Middle income earners are in line for bigger tax cuts under a controversial policy remodel that has sparked a political brawl.
The prime minister had promised to deliver the stage three cuts in full as devised five years ago under the coalition government.
“When economic circumstances change, the right thing to do is change your economic policy,” Mr Albanese said at the National Press Club on Thursday.
“This is a change in our policy.”
Adjusted Tax Income Brackets
All 13.6 million taxpayers will pay less under the changes and low and middle-income earners will get a bigger cut than promised under the original scheme, although the benefit for those on the highest incomes will be pruned back.
Under the changes, a person earning an average wage of $73,000 will get a tax cut of more than $1500 a year.
At the upper end, the tax cuts for those earning $200,000 will be slashed from $9075 to $4500.
When the stage three tax cuts were introduced by the coalition in 2018, the Australian economy was expected to be supported by strong global conditions.
Inflation and interest rates were expected to remain low.
“Unanticipated global events meant these projects have not come to pass,” Mr Albanese said, quoting Treasury advice.
He said a global pandemic, a recession, disrupted supply chains, conflicts and rising inflation, and global uncertainty had changed the game.
“And if we were to simply proceed with the old plan – promoted before any of these challenges even existed it would mean middle Australia missing out on the help they need and they deserve.”
He quashed fears the rejigged tax plan would push consumer prices up further, with Treasury and the Reserve Bank expecting a broadly neutral impact on inflation .
But the opposition has accused Mr Albanese of breaking his word and turning his back on an election commitment.
“If the prime minister has a very significant change to make, and that he wants to renege on an election commitment taken to the last two elections, I think you should call an election and put the changed position to the Australian people,” Opposition Leader Peter Dutton said on Thursday.
Mr Dutton said the move was motivated by the upcoming by-election in Dunkley.
“The prime minister has a huge credibility problem; he has trashed his reputation for political gain.”
Reworking Tax Cuts
Mr Albanese said reworking the tax cuts was not an easy decision but “good government is about being responsive”.
“I want to be known as a prime minister who had the ticker to say what was needed and to set about doing it, even as I recognise that this would be controversial,” he said.
Under the Labor government’s rejigged scheme, the lowest rate on income tax will be dropped from 19 to 16 cents in the dollar, meaning workers will pay less on the first $45,000 they earn.
The low income threshold at which the Medicare levy kicks in will also be increased.
The second tax rate will be reduced from 32.5 to 30 per cent for people earning up to $135,000.
Labor will retain the 37 per cent rate for people earning over $135,000 and the top tax rate of 45 per cent will kick in at $190,000 rather than $180,000.
Income support recipients and those earning less than the tax-free threshold will not benefit from the changes.
Mr Albanese said energy bill relief and other elements of the government’s cost-of-living agenda were easing pressure on this cohort.
Community
‘Sad and senseless’: public grieve Bondi attack victims
Here’s the latest update on the tragic events at Westfield Bondi Junction in Sydney, where the community has come together to mourn the victims of the recent stabbing attack. The doors of the shopping centre have re-opened, but the atmosphere remains sombre as people pay their respects to the six individuals who lost their lives in the senseless act of violence.
Despite the lack of customers and closed shutters on store fronts, the site has become a place of quiet reflection for many. Hundreds of mourners have visited the shopping centre since the attack, leaving condolences and bouquets on level four where the tragedy occurred. Mothers held their children close, wiping away tears, while others prayed and wore black as a sign of solidarity and mourning.
Local residents Sheira Said and Hazel Stein expressed their feelings of sadness and disbelief at the events that unfolded at Westfield Bondi Junction. Said mentioned feeling the “heavy weight of sadness” as a reminder of how fragile life can be, while Stein empathized with the families who lost their loved ones, acknowledging that the tragedy could have affected anyone.
NSW Premier Chris Minns and Police Commissioner Karen Webb visited the shopping centre to address the media, emphasizing the need for grieving and healing in the community. Minns described the re-opening of the centre as the “first step in healing” and highlighted the unity and support shown by the community during this difficult time.
In response to the attack, Minns indicated that the government would consider stricter knife laws and increased security measures. The state government may also explore implementing laws similar to those in Queensland to allow police officers to conduct searches with metal detectors without a warrant.
As shops prepare to resume trading with heightened security, tenants will have their rent waived for the period of closure, and staff will be provided with mental health support and counseling services. A permanent memorial near the site and a candlelight vigil at a beachside location are being planned to honor the victims of the tragic incident.
The community continues to stand together in solidarity, grieving the loss of those affected by the Bondi attack. The resilience and support shown by both residents and officials reflect a commitment to healing and unity in the face of tragedy.
Community
How the Beatles Won Australia Over Minus the Razzmatazz
Here’s a look back at how the Beatles captured the hearts of Australian fans during their 1964 tour, without the extravagant stage effects that are common in today’s concerts.
Teenager Sandi Keane vividly remembers the excitement of seeing the Fab Four at Melbourne’s Southern Cross Hotel. The Beatles, in the midst of Beatlemania, were greeted by hundreds of thousands of screaming fans lining the streets from Essendon Airport to the city center.
Despite the overwhelming crowds, the Beatles were thrilled by the reception. They engaged with the fans, with drummer Ringo Starr even joking about his daring entrance into the hotel.
At the Festival Hall concerts a few days later, super fans like Ms. Keane were immersed in the Beatles’ music and energy. The band, representing a new generation of change, played a key role in the cultural shift of the 60s.
While their performance may seem simple by today’s standards, with just their voices and instruments, the impact of the Beatles’ music was undeniable. Songs like “She Loves You” resonated with fans like Ms. Keane, creating a joyous and unforgettable experience.
Now, 60 years later, the Beatles’ Australasian tour is celebrated as a defining moment of Beatlemania. A new book, “When We Was Fab: Inside the Beatles Australasian Tour 1964,” compiled by Greg Armstrong and Andy Neill, captures the essence of that historic moment.
Reflecting on the Beatles’ personalities, Ms. Keane describes Paul McCartney as having a “honey on toast-type voice,” John Lennon’s raspy tones, Ringo Starr’s shyness, and George Harrison’s reserved nature. Despite their fame, the Beatles remained true to themselves.
The Beatles’ ability to captivate audiences with just their music and presence, without the need for elaborate stage effects, is what makes them timeless. Their performance, filled with raw talent and genuine connection, continues to resonate with fans today.
As the Beatles left a lasting impact on Australia during their 1964 tour, their legacy lives on through their music and the memories of fans like Sandi Keane, who experienced the magic of Beatlemania firsthand.
The Beatles’ influence on music and pop culture is undeniable, with their simple yet powerful performances showcasing the true essence of their talent. Despite the passage of time, the Beatles’ music continues to inspire and captivate audiences around the world, proving that sometimes, all you need are four boys in suits and ties to win over a nation.
Community
Australia briefed on report into killing of aid worker
Australia has been briefed by the Israeli military on the investigation into the killing of aid worker Zomi Frankcom. The Israel Defense Forces spokesman, Lieutenant Colonel Peter Lerner, announced that the investigation into the strike against seven World Central Kitchen aid workers in Gaza has been completed. The report will be made public within 24 hours, and has already been presented to the ambassadors of relevant nations as well as the World Central Kitchen.
Lt Col Lerner expressed regret for the “very grave mistake” of misidentification that led to the tragic death of Zomi Frankcom. Australian Prime Minister Anthony Albanese criticized the deaths as more than just a product of war, and demanded greater accountability from Israel. Cabinet minister Jason Clare also condemned Israel, highlighting the larger issue of almost 200 aid workers being killed so far.
Deputy Liberal leader Sussan Ley called for answers and understanding regarding the situation, emphasizing the distress caused by the ongoing conflict. Save the Children reported that nearly 26,000 children in Gaza have been killed or injured in the past six months, further illustrating the devastating impact of the conflict on civilians.
World Central Kitchen has called for an independent investigation into the Israeli strike and has urged Australia and other affected countries to join the demand. In a phone call with Israeli Prime Minister Benjamin Netanyahu, US President Joe Biden set conditions for continued US support, emphasizing the need to prevent civilian harm and ensure the safety of aid workers.
Lt Col Lerner stated that individual military members involved in the strike are expected to face consequences, including potential criminal charges for breaches of standards. He emphasized the importance of adhering to the rules of war and ensuring the safety of those conducting humanitarian work in conflict zones.
The investigation into the deadly air strike was conducted independently outside of the IDF’s chain of command, with full access to operational details and intelligence provided to investigators. Lt Col Lerner stressed the need for improved practices to prevent similar tragedies in the future and ensure the safety of aid workers.
Australia, along with other nations affected by the killing of aid workers, continues to seek justice and accountability in the aftermath of this tragic incident.
-
Business1 year ago
How to Earn Money Writing Blog Posts in 2023: A Comprehensive Guide
-
Games1 year ago
How does Dead Space Remake enhance the Horror Classic of 2008
-
Video1 year ago
Everything you need to know about Starfield
-
World1 year ago
Swiss Pharma Powerhouse Acino Expands into Latin America with M8 Pharmaceuticals Acquisition
-
Health1 year ago
Migraine medications significantly improve the quality of life
-
Health1 year ago
How is Yoga and Pilates Bridging the Gap Between your Mind and Body
-
Business12 months ago
How to Use LinkedIn to Build Your Professional Brand
-
Self Improvement1 year ago
Enhancing Relationships and Emotional Intelligence Through Mindfulness Meditation