2023-12-13
Labor’s Mid-Year Economic and Fiscal Outlook prioritises Labor’s political strategy over Australians crushed by the cost of living crisis.
“Despite millions of Austalians struggling to afford food and rent, Labor has conformed today it will continue with $317 billion in Stage 3 Tax Cuts for politicians, billionaires and the wealthy,” Greens Economic Justice spokesperson Senator Nick McKim said.
“There are plenty of decisions that can be made to help people with the bare essentials of life without driving up inflation like a rent-freeze, putting dental and mental health into medicare and providing free childcare.”
“Labor is boasting about a bulging bottom line while renters are being smashed by spiralling rent increases and mortgaged home owners are struggling with record rate rises.”
“Under Labor’s ‘Liberal-Lite’ policies, more people are living in tents and skipping meals. Meanwhile property speculators are supercharging their wealth and corporations are making record profits from price gouging.”
Tax concessions for property investors will cost a colossal $39 billion this year alone. Over the decade Labor are giving away $90 billion in fossil fuel subsidies.
“Labor claim they are reducing spending to fight inflation, but they are more than happy to spend big by giving massive tax concessions to their corporate and billionaire mates, while forcing more and more everyday Australians below the poverty line.”
“Budgets are about choices, and once again, Labor are prioritising big corporations and billionaires over millions of Australians struggling to afford food and rent."