Today\u2019s interest rate rise means millions of Australians will be punished to clean up Labor\u2019s inflation mess, driven by an overheated housing market the government refuses to fix, the Greens say.
\u201cRenters and mortgage holders are getting smashed by the RBA, but it’s Labor’s failure on inflation that is responsible,\u201d Greens Economic Justice spokesperson Senator Nick McKim said.
\u201cToday\u2019s interest rate rise is pure profit for the big banks, while mortgage holders and renters are being pushed deeper into pain.\u201d
\u201cLabor has chosen to protect billions in tax handouts for property speculators instead of helping renters and first home buyers.\u201d
\u201cThose settings drive up house prices, push up rents, and keep inflation high.\u201d
\u201cAs a result of today\u2019s rate rise, more of people\u2019s pay packets will now flow straight into bank profits and landlord pockets.\u201d<\/p>\n\n\n\n
\u201cThis outcome was avoidable if Labor had acted to rein in investor tax breaks, including the capital gains tax discount.
\u201cAustralians should not be paying more every month because the government keeps siding with banks and big investors.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Today\u2019s interest rate rise means millions of Australians will be punished to clean up Labor\u2019s inflation mess, driven by an overheated housing market the government refuses to fix, the Greens say. \u201cRenters and mortgage holders are getting smashed by the RBA, but it’s Labor’s failure on inflation that is responsible,\u201d Greens Economic Justice spokesperson Senator … Continue reading “Rate rise means renters and mortgage holders cop the pain for Labor\u2019s inflation failure”<\/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-37216","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\/37216","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=37216"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37216\/revisions"}],"predecessor-version":[{"id":37217,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37216\/revisions\/37217"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=37216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=37216"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=37216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}