Treasurer Joe Hockey has just handed down his first Budget, and it’s a shocker. Here are the highlights – or rather, the low-lights.
This entry was posted on Tuesday, May 13th, 2014 at 9:29 pm and is filed under Politics. You can follow any responses to this entry through the RSS 2.0 feed.
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One thing you might have missed in all of the mess: payment levels for Centrelink benefits including Newstart have been frozen for three years – the only one which is going to rise at all is the age pension. Given Newstart is already well below the poverty line, this is basically another kick at the unemployed – even if you CAN get on Newstart, and you’re not required to “Work” 25 hours a week for your payment (as well as doing job search and such) it’s not going to even be enough to keep body and soul together. Or at least, not if you have these wild expectations of being able to eat food, live in some sort of housing, and maybe wear clothes.
Note that the politicians pay rise deferment is only for one year. And the high income earner’s “levy” is only for three years, with Hockey pretty much admitting this is because if it lasts longer than that, the high income earners will start figuring out ways to avoid it.
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