Diary of our stinking Govt.

[boris1gary]

As it's more than 100 days now, it has been suggested that a new thread was needed.  The current govt has been breaking promises and telling lies at a rate so fast it's hard to keep up.

This below is worrying, "independent" pffft, as if your own doctor is somehow what? biased, it's ridiculous. So far there is talk of only including people under a certain age 30-35, for now. Remember that if your injured in a car, injured at work or get ill, you too might need to go on the DSP. They have done a similar think in the UK with devastating consequences.

and this is the 2nd time recently where the Govt has referred to work as welfare???? So when you go to work tomorrow (or tuesday), just remember that's welfare.

http://www.abc.net.au/news/2014-04-20/disability-pensioners-may-be-reassessed-kevin-andrews/5400598

Independent doctors could be called in to reassess disability pensioners, Federal Government says

The Federal Government is considering using independent doctors to examine disability pensioners and assess whether they should continue to receive payments.

Currently family doctors provide reports supporting claims for the Disability Support Pension (DSP).

But Social Services Minister Kevin Andrews is considering a measure that would see independent doctors reassess eligibility.

"We are concerned that where people can work, the best form of welfare is work," Mr Andrews said at a press conference.

[debra9275]

Abbott and hockey must have a lot more respect for Wayne Swan than they show, they've nicked his policy 

no wonder Swan was voted world's best treasurer

[cherry*135]

Only small businesses that aren't incorporated.. I found the statistics for the number of those in Aust, when this measure was first suggested. Will see if I can find that again.

Yes, the could buy vehicles.. if they are required for business.  It is a limited offer also.. 2 years.

[debra9275]

I didn't see anything about the super  tax loophole for the very wealthy?

and I don't think  they're genuine about going after big business, it all seems a bit vague...but time will tell

[cherry*135]

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@debra9275 wrote:

Abbott and hockey must have a lot more respect for Wayne Swan than they show, they've nicked his policy 

no wonder Swan was voted world's best treasurer

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 I read somewhere the other day, that if Hockey was still in Opposition he would be bagging out a policy like that big time.

[debra9275]

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@am*3 wrote:

Only small businesses that aren't incorporated.. I found the statistics for the number of those in Aust, when this measure was first suggested. Will see if I can find that again.

Yes, the could buy vehicles.. if they are required for business.  It is a limited offer also.. 2 years.

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That narrows down the field quite a bit then....

[debra9275]

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@am*3 wrote:

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@debra9275 wrote:

Abbott and hockey must have a lot more respect for Wayne Swan than they show, they've nicked his policy 

no wonder Swan was voted world's best treasurer

---

 I read somewhere the other day, that if Hockey was still in Opposition he would be bagging out a policy like that big time.

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That swan song that someone keeps posting will have to be changed to joe's song

he promised us a surplus rose garden too... The abbott govt.  Is never, ever going to be in surplus now.

Am I bet they bagged Swan when he announced that GFC stimulus package anyway, but they've just shown whst a good Policy it actually is

[cherry*135]

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@debra9275 wrote:

I didn't see anything about the super  tax loophole for the very wealthy?

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That covered by this?

"And there's one respect in which nothing has changed: the tax perks of the well-off - superannuation concessions, negative gearing, discounted tax on capital gains, family trusts - remain untouched."

Ross Gittins

and I don't think  they're genuine about going after big business, it all seems a bit vague...but time will tell

Going after the multi-nationals for profit-shifting? Time will tell how much tax is actually raised there. I don't think Captain Chaos and his clowns will be around much longer anyway.

[cherry*135]

I noticed Abbott was planted behind Joe this year when Joe was delivering the Budget, so viewers couldn't see him.  Last year Abbott was sitting to the right of Hockey (where Pyne was this year) and Abbott kept fidgeting,  putting his hand over his mouth talking to the person beside him (couldn't see that person on TV) . It  was very distracting.

[cherry*135]

A couple of other things I took note of, listening to discussion of Budget. Will need to read the Budget for more detail.

Books bolstered by savings from last year’s  blocked measures. FTB,  higher education changes (which may never be passed).

Childcare package dependant on last years  FTB measures (cuts) passing

Benefits to better off families extremely high - income $200 000+ - $10 000 per child

Labour force participation highly dubious

Depn allce –  corporate welfare – small business under $2m.  Research not very convincing – politics trumping the policy.

[cherry*135]

Only $1000 per year for this particular tax discount?

Tax discount for unincorporated businesses

In Australia, most small businesses are not incorporated businesses, and they do not pay the company tax rate.

Instead, many small businesses across our country operate as a sole trader, as a partnership or as a trust.

To help all Australian small businesses grow, the Government will also provide a 5 per cent tax discount to unincorporated businesses with annual turnover less than $2 million from 1 July 2015. This delivers a tax cut of $1.8 billion over the next four years.

This tax cut is broadly in line with the 1.5 percentage point tax cut for small incorporated companies.

This means individual taxpayers still calculate their business and personal income in the same way, and then they get a 5 per cent discount on the tax payable on their business income.

The discount will be capped at $1,000 per individual in an income year, and it will be delivered as a tax credit in their tax return.

This tax cut for unincorporated business entities will put money back in the hands of small business operators, so they can reinvest to grow their business and employ new staff.

http://www.budget.gov.au/2015-16/content/glossy/sml_bus/html/sml_bus-07.htm