Post by ppyenews on May 14, 2006 18:57:34 GMT -5
A Budget not for Budgeters.
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Like most people in Australia I waited until last Tuesday night to hear what Federal Treasurer, 'Peter Costello' had in store for us in what was his 11th Budget Speech. My main focus was how he was going to tackle urgent items for change such as - Rising Home Loan Interest Rates, Petrol Prices, relief for middle income earners, and relief for the 5% of people in Australia living below the poverty line.
Probably the most astonishing claim from 'Peter Costello' was that his budget was 'Family Friendly'. "Family Friendly", WHERE? is what I ask. They claim that just under half a million middle income Australian working families were given the advantage of a 2% reduction in P.A.Y.E. based taxes. This amounts to under $10 extra in the pay packet each week, nowhere near enough to assist in recovering the increased costs of Petrol, Home Loan Interest Rates, consumer items, and normal day to day expenses which are on the increase.
One of the answers they obviously think is for women with children to return to the workforce. Peter Costello's budget prompts women to have children but chuck them out in to Day Care Centres and get back to work. Personally, I don't see that as being "Family Friendly". The whole family structure depends upon quality time in bringing up the children, particularly in the first few years of their lives but Peter Costello's Budget prompts you having someone else do much of that.
People nearing retirement in the workforce have also been given an incentive to work longer through the abolition of paying some Superannuation Taxes. (1) Who wants to work after they are age 65, (2) how many employers want them after age 65, (3) what about the turn-around factor of employment?. It seems to be a package that will be beneficial to a minority, though Peter Costello's Budget builds it into being a major incentive to work longer.
The 5% of people in Australia that are living below the Poverty Line were a forgotten entity in the 2006 Budget. There was simply nothing to show any hope of getting out of the Welfare Grind. The 2006 Budget was anything but, "Family Friendly", it advantaged mostly those in the high income bracket. Are we getting back to a "Tory" type regime?, one wonders, for the 2006 Budget has done very little for the many who have to live on a tight Budget.
I'm Phillip Pye. from Line 3 on 1900 93 6397
______________________
Like most people in Australia I waited until last Tuesday night to hear what Federal Treasurer, 'Peter Costello' had in store for us in what was his 11th Budget Speech. My main focus was how he was going to tackle urgent items for change such as - Rising Home Loan Interest Rates, Petrol Prices, relief for middle income earners, and relief for the 5% of people in Australia living below the poverty line.
Probably the most astonishing claim from 'Peter Costello' was that his budget was 'Family Friendly'. "Family Friendly", WHERE? is what I ask. They claim that just under half a million middle income Australian working families were given the advantage of a 2% reduction in P.A.Y.E. based taxes. This amounts to under $10 extra in the pay packet each week, nowhere near enough to assist in recovering the increased costs of Petrol, Home Loan Interest Rates, consumer items, and normal day to day expenses which are on the increase.
One of the answers they obviously think is for women with children to return to the workforce. Peter Costello's budget prompts women to have children but chuck them out in to Day Care Centres and get back to work. Personally, I don't see that as being "Family Friendly". The whole family structure depends upon quality time in bringing up the children, particularly in the first few years of their lives but Peter Costello's Budget prompts you having someone else do much of that.
People nearing retirement in the workforce have also been given an incentive to work longer through the abolition of paying some Superannuation Taxes. (1) Who wants to work after they are age 65, (2) how many employers want them after age 65, (3) what about the turn-around factor of employment?. It seems to be a package that will be beneficial to a minority, though Peter Costello's Budget builds it into being a major incentive to work longer.
The 5% of people in Australia that are living below the Poverty Line were a forgotten entity in the 2006 Budget. There was simply nothing to show any hope of getting out of the Welfare Grind. The 2006 Budget was anything but, "Family Friendly", it advantaged mostly those in the high income bracket. Are we getting back to a "Tory" type regime?, one wonders, for the 2006 Budget has done very little for the many who have to live on a tight Budget.
I'm Phillip Pye. from Line 3 on 1900 93 6397