Quite something to listen to Emma Shortis and Bruce quietly and calmly explain Project 2025, which is what an Aussie might colloquially call ‘batshit’ on LNL with Phillip Adams #auspol

'The gas industry is going to pay less tax, less Petroleum Resource Rent Tax.'

'They've downgraded by over $3 billion the amount they’re expecting to collect from the gas industry.'

Senior Economist Matt Grudnoff
Matt Grudnoff Greg Jericho #auspol #Budget2024

'Stage Three, as the Morrison Government created it, it mostly went to the top end.'

'The new Stage Three we're going to see in a couple of months' time, that is spread evenly across all taxpayers.'

- Senior Economist Matt Grudnoff
Matt Grudnoff Greg Jericho #auspol #Budget2024

'This was the absolute wrong time to be having an austere budget.'

'These measures that the Government is putting out aren't so much increasing inflation, it's actually just helping.'

Greg Jericho Matt Grudnoff #Budget2024

'This Budget seemed to have two goals: help with the squeeze on households and reduce the CPI back into the RBA's target band.'

- Chief Economist Greg Jericho
Greg Jericho #auspol #Budget2024

Commonwealth Rent Assistance has increased by 10%🏘️

This is good in the short term, but doesn't address the key problems behind the housing and rental crisis.

(I.e. there's no new money for public housing, or reforms to capital gains or negative gearing)

#Budget2024 #auspol

Remember when the Minister for Climate Change Chris Bowen said the private sector had to 'go it alone' on carbon capture and storage?
(this doesn't include the leg/policy support the govt has already given to ccs since 2022)
#auspol #climate #Budget2024
afr.com/companies/ener…

The Australian Government is so confident that fossil fuel use is going to increase in Australia that they are actively budgeting for it.
Renewable energy...not so much.
#auspol #climate #Budget2024 Australia Institute

No change to JobSeeker in #Budget24 means those receiving unemployment assistance are living almost $225 a week below the poverty line.

Great analysis from Greg Jericho, read:
theguardian.com/australia-news…

I would have thought that funding environmental legal services would do more to 'protect Australia’s natural environment, ecosystems and biodiversity' than litter prevention. But maybe that's just me.
#climate #auspol #Budget2024

The expected revenue from the Petroleum Resource Rent Tax has been revised down. It continues to fail to ensure that Australians benefit from the sale of our gas reserves.

#Budget24 #auspol

Australia has 3 year parliamentary terms but increasingly Governments lay out ‘10 year plans’ for spending…some of the Future Made in Australia spending gores out 16 years…

This is fantasy stuff. Future parliaments will do what they want #auspol #Budget24 #climate

Back again! If you need a break from budget content I’m on LNL on Radio National tonight talking US politics and Project 2025 (the smile is a lie, everything is terrible).

No mention in tonight’s budget of the Minster for (exporting) Resources plan to build new gas till ‘2050 and beyond’.

Good.

Now we need to stop approving them as well as stop talking about them #auspol #climate #Budget24