Commentary Sidelined by this week’s news of gold medals in Tokyo, and an expanding COVID-19 outbreak in Sydney, was the Australian Labor Party’s announcement they would no longer look at proposed tax increases if successful in next year’s bid for government. This is a stunning reversal of Labor’s stance at the 2019 election and a…
Labor’s Landmark Tax Reversals Are Welcome, but Budget Deficits Now Look Enshrined
Labor to Back Coalition Tax Cuts and Negative Gearing Policies
July 27, 2021
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anthony albaneseAustraliaAustralian electionAustralian Labor PartyJim ChalmersNational Liberal Partyproperty council of australiaSimon Birminghamtax policyWorld
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The Australian federal opposition party decided on Monday to drop its previous stance and deliver the same legislated tax cuts as the Coalition after six years of opposition, or two election cycles, to the policies. “The Shadow Cabinet and Caucus have today confirmed that Labor in government would uphold the legislated changes to personal income…
Australia Urged to Keep Taking Risks to Ensure Economic Growth
June 24, 2021
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anthony albaneseAustraliaAustralian economyCommonwealth Bank of AustraliaTreasurer Josh FrydenbergWorld
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The Australian government and businesses are being urged to keep taking risks as they did during last year’s recession to ensure the economic recovery continues. Su McCluskey of the National COVID-19 Commission Advisory Board told a conference in Canberra that last year, faced with a pandemic, Australia was able to be “nimble and responsive” and…
Australian Labor Leader Anthony Albanese Makes Queensland Vote Pitch
Federal Labor leader Anthony Albanese has addressed the Queensland ALP state conference in Brisbane, with less than a year to the next election. Albanese made a pitch for regional and city votes in addressing the Queensland Labor conference. With an election due in under 12 months, the federal Labor leader has made the Sunshine State…
Australian PM’s China Stance Is Politically Motivated: Opposition Leader
June 3, 2021
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anthony albaneseAsia & PacificAustraliaaustralia-chinaBusinessChinaEconomiesInternationalInternational RelationsPrime Minister Scott MorrisonWorld
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Australian Opposition Leader Anthony Albanese has taken aim at the prime minister’s handling of Australia’s relations with China, claiming it is politically motivated and has put the country’s resources industry at risk. Albanese delivered the remarks at the launch of Minerals Week—hosted by the Mineral Council of Australia—while outlining the Australian Labor Party’s (ALP) vision…
Australian Labor Party Leader Denies Losing Support of Mining Communities
May 24, 2021
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ALPanthony albaneseArchivedAustraliaAustralian Labor PartyBill Shortenbyelectionclimate changecoalelectionInternationalJoel FitzgibbonLiberal PartyminingNewsWorld
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Federal Labor leader Anthony Albanese has rejected suggestions that blue-collar workers have turned their back on the party following a loss in the Upper Hunter byelection. In contrast, fellow Labor MP Joel Fitzgibbon, whose federal seat covers a similar area, argued that the sharp decline Labor saw in its primary vote over the weekend should…
Labor Leader Anthony Albanese Denies Blue Collar Votes ‘Collapsing’
Australia’s national Opposition Leader Anthony Albanese has rejected suggestions that blue-collar workers have turned their backs on the Labor party following a loss in the Upper Hunter byelection over the weekend. This comes as Labor MP Joel Fitzgibbon warned that Labor’s primary vote in regions like the Upper Hunter had “collapsed to existential levels” and that…
Ready, Set, Fire—Federal Budget Signals Upcoming Aussie Election Spending Spree
Commentary There can be no doubt that the 2021-22 Australian federal budget announced last week was simply a spending spree. Policy decisions announced since October 2020 will be adding $31 billion a year to the deficit by 2023-24. In the context of a strengthening economy and already bloated public debt, this marks the 2021-22 budget…
Labor Promises $10B for Social Housing in Budget Reply
Australian Opposition leader Anthony Albanese has promised a $10 billion (US$7.7 billion) housing fund to build 30,000 social and affordable housing as part of Labor’s response to the 2021 Budget. In his Budget reply speech, Albanese said the Labor Party was committed to lifting wages, fixing age care, addressing the housing crisis, championing equality for…
Federal Budget to Provide $1.7 Billion for Childcare
Australian families with two children in childcare can receive an increase of subsidy from July after Treasurer Josh Frydenberg announced a $1.7 billion injection into the child care system. Aiming to encourage more women back into the workforce after having children, the new package allows parents with two or more kids— aged five and under—to…
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