New analysis by the Parliamentary Budget Office (PBO) has found that the cost of the “Stage 3” tax cuts will be $313 billion over 10 years a huge increase on the $254 billion previously estimated. It was Scott Morrison’s government which made the Stage 3 tax cuts law, with the support of the then Labor opposition. Labor did initially oppose to Stage 3 but then decided to
The big lie at the heart of every budget it that it is a plan to manage the economy for the collective good of the nation. But Peter Boyle and Paul Oboohov show the total increase in profit share, since 1975, is about the same as the decrease in income share.
The ecological and social impacts of a new surge in global military spending will one of the discussions at the Ecosocialism 2023 conference in Naarm on July 1–2. Peter Boyle reports.