The government would have nearly another trillion dollars to tackle intergenerational inequality if Labor implemented popular and progressive tax reforms, the Greens say, urging Anthony Albanese to abandon his status quo centre-right agenda.<\/p>\n\n\n\n
The release of the Intergenerational Report showcases the degree to which future generations are getting handed an increasingly fraught future – with a worsening outlook on inequality and climate.<\/p>\n\n\n\n
With a significantly worsening outlook for future generations, the ABC has reported that government sources have ruled out any significant changes to tax in this term. Meanwhile, Labor continues to back more coal and gas. The Greens say this represents an abandonment of future generations.<\/p>\n\n\n\n
The government would have hundreds of billions of dollars to repair generational equality if the government was to enact the following reforms:<\/p>\n\n\n\n
Adam Bandt MP, Leader of the Australian Greens said:<\/strong><\/p>\n\n\n\n \u201cStopping new coal and gas mines and taxing the billionaires and big corporations is the key to fighting intergenerational inequality,\u201d Mr Bandt said.<\/p>\n\n\n\n \u201cBy giving tax cuts to billionaires and opening new coal and gas mines, Labor is handing people a future where the rich get richer and everyone else struggles with a broken housing system and collapsing social safety net, all set on a planet dying from climate collapse.<\/p>\n\n\n\n \u201cLabor can\u2019t complain about future \u2018pressures on the budget\u2019 while giving tax cuts to politicians and billionaires. <\/p>\n\n\n\n \u201cLabor can\u2019t pretend to care about the climate crisis while approving new coal and gas projects. <\/p>\n\n\n\n \u201cBy trying to walk both sides of the fence on climate and inequality, Labor is setting up future generations for disaster.<\/p>\n\n\n\n \u201cInstead of refusing to fund services, Labor should axe the Stage 3 tax cuts for politicians and billionaires and make the big corporations pay their fair share of tax. <\/p>\n\n\n\n \u201cIf Labor had the courage to enact these sensible reforms, the government would have almost a trillion dollars over the next decade to put dental and mental health into Medicare, build public homes, and rapidly accelerate the transition out of coal and gas into clean energy.\u201d<\/p>\n\n\n\n Senator Nick McKim, Australian Greens Economic Justice Spokesperson said:<\/strong><\/p>\n\n\n\n \u201cAnthony Albanese\u2019s legacy shouldn\u2019t be leaving young people with a housing market that\u2019s completely cooked, a planet on fire, and skyrocketing wealth inequality,\u201d Senator McKim said.<\/p>\n\n\n\n \u201cIf Labor was serious about improving the lives of future generations they\u2019ve got almost a trillion dollars to make it happen. Labor just needs to find the courage to take on rich people and big corporations.<\/p>\n\n\n\n \u201cYoung people know that the Labor party isn\u2019t representing them – and are seeing their future prospects sold off to curry favour with billionaires and coal and gas donors. They deserve better than that.<\/p>\n\n\n\n \u201cA tax and spend regime has been a critical part of progressive reforms across the world. By turning down this opportunity, Labor is abandoning future generations in hopes of becoming the default centre-right party.\u201d<\/p>\n\n\n\n 1<\/sup>Source: PBO, Australian Greens 2022 Election Platform<\/p>\n\n\n\n 2 <\/sup>Source: PBO, April 2023 Costing<\/u><\/a><\/p>\n\n\n\n 3<\/sup> Source: PBO, May 2023 Costing<\/u><\/a>: <\/p>\n\n\n\n 4 <\/sup>Source: PBO, as delivered in Adam Bandt\u2019s NPC Address<\/p>\n\n\n\n 5<\/sup> Note: These all represent a decade\u2019s worth of revenue measures. As the Stage 3 Tax Cuts come into effect in the 23\/24 financial year, this component has a different start date to the other measures.<\/p>\n","protected":false},"excerpt":{"rendered":" The government would have nearly another trillion dollars to tackle intergenerational inequality if Labor implemented popular and progressive tax reforms, the Greens say, urging Anthony Albanese to abandon his status quo centre-right agenda. The release of the Intergenerational Report showcases the degree to which future generations are getting handed an increasingly fraught future – with … Continue reading “LABOR ROBBING FUTURE GENERATIONS BY BACKING COAL & GAS AND REFUSING REAL TAX REFORM”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-22504","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/22504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=22504"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/22504\/revisions"}],"predecessor-version":[{"id":22505,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/22504\/revisions\/22505"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=22504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=22504"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=22504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}