The government is planning for a business-led recovery — using a trillion dollars of public money. It's a strange mix of ideology for a post-COVID recovery.
This budget for winners will deliver a political benefit to the government: massive tax cuts are a tactic to deliver the next election.
With the government eying off an early start to tax cuts, it has to be asked: will they actually do anything to bring the economy out of the gutter?
Good morning, early birds. Following Victoria's lowest daily figure in almost three months Dan Andrews is set to make "some significant announcements" about the second step on Sunday, and former Reserve Bank officials and senior bureaucrats come out in opposition to the Morrison government's plan to bring forward tax cuts for high income earners. It's the news you need to know, with Chris Woods.
Good morning, early birds. The Victorian government has released its roadmaps to reopening metropolitan Melbourne and regional Victoria, and the federal government has called on the Andrews government to strengthen contact tracing "to the highest possible levels". It's the news you need to know, with Chris Woods.
Good morning, early birds. Principals and teachers express concerns about a return to face-to-face learning, and new COVID-19 clusters have emerged across Melbourne's hospitals, abattoirs, public housing estates and more. It's the news you need to know, with Chris Woods.
The Business Council of Australia constantly demands cuts to company tax — but its members use tax lurks to pay well below full freight when it comes to their tax obligations.
The government apparently has no economic agenda beyond cheering on the housing market and passing the buck to the states.
The Morrison government has achieved the rare feat of a tax cut that leads to lower consumer activity, with its stimulus refund vanishing without trace.