Australia Decides - The Economy

WHAT'S THE DIFFERENCE? AUSTRALIA DECIDES 来 LIBERAL Australian Labor ENATIONALS upstart.net.au THE PROMISE TO. ECOÑOMY PROMISE TO... "END WASTEFUL SPENDING" 44 77 KEEP AUSTRALIA'S CREDIT RATING AAA 24 AND BUILD A "STRONG, PRODUCTIVE AND PROSPEROUS ECONOMY, FREE FROM THE "WITHOUT MR ABBOTT'S $70 BILLION OF CUTS" BURDENS OF DEBT" ALSO PROTECTING THE AAA RATING FORECAST A RETURN TO SURPLUS IN $18 B $4.2 B 2013 DEFICIT PROMISED A FASTER RETURN TO BUDGET SURPLUSES 2016-17 "SUSTAINABLE SURPLUS OVER THE MEDIUM TERM" SURPLUS OF $4.2 BILLION BUT BACKED AWAY FROM ITS PROMISE FOR A SURPLUS IN THE FIRST YEAR "ABOLISH THE WORLD'S BIGGEST CARBON TAX" FROM TO "NEUTRALIZE" CARBON $24 $6-10 AUD PER TONNE TAX THE CARBON TAX BY BRINGING FORWARD BY A PLANNED LINKED TO A TRANSITION TO AN EMISSIONS TRADING EUROPEAN SCHEME A YEAR EARLY SECURING AN “AN EXTRA $1 TRILLION OF LOST OUTPUT CUMULATIVELY BY 2050" ON LABOR'S OWN FIGURES SCHEME CLAIMS THE CASH RATE AT CLAIMS THE LOWEST IN 5O YEARS IS A REFLECTION OF THE GOVERNMENT'S PROOF THAT THE ECONOMY IS UNDER-PERFORMING AND IS AT THE CASH RATE AT 2.75% "BEYOND EMERGENCY LEVELS 2.75% "RESPONSIBLE FISCAL POLICY" "A PLAN FOR AUSTRALIAN JOBS" SUPPORTING SMALL AND MEDIUM COMPANIES TO WIN MORE WORK AT HOME AND OVERSEAS ONE MILLION TWO NEW JOBS OVER THE NEXT $1B YEARS MILLION 10 NEW JOBS OVER "MORE THAN 950,000 JOBS CREATED SINCE WE CAME TO OFFICE IN 2007 COMPARED TO THE 28 MILLION UNEMPLOYMENT AROUND THE WORLD IN THE SAME PERIOD." THE NEXT U AND YEARS REMAINS COMMITTED TO THE MINERAL RESOURCE RENT TAX CMRRT) SCRAPPING THE "FISCAL TRAIN WRECK" THAT IS THE MINERAL RESOURCE RENT TAX 2013-14 BUDGET ESTIMATING THE TAX WILL RAISE $200 MILLION IN ITS FIRST YEAR, WELL SHORT OF THE $2 BILLION ORIGINALLY FORECAST. MRRT DELAYING THE INCREASE IN THE SUPER GUARANTEE CHARGE AND RESTARTING THE INCREASE IN 2016-17. ABANDONING THE $1.8 BILLION BOOST TO FAMILY TAX BENEFITS BUT OTHER ALLOWANCE AND SUPERANNUATION ABOLISHING THE TWICE A YEAR SUPPLEMENTARY ALLOWANCE TO PEOPLE ON BENEFITS AND WOULD END THE PAYMENT PROMISES WILL REMAIN. LOW INCOME SUPERANNUATION CONTRIBUTION CUT NORTHERN TERRITORIES COMPANY TAX CUT COMPANY TAX BY BY ONE THIRD TO 20% BUT THE BIGGEST 3000 1.5% COMPANIES WILL BE HIT "ZONAL TAX REBATES ALSO COULD BE PROVIDED TO DELIVERED NORTHERN WA AND QUEENSLAND." WITH A 1.5% LEVY, TO FUND A PAID PARENTAL LEAVE SCHEME COSTINGS HAVE NOT YET BEEN RELEASED IN 20 18 IN 2015 "WHILE GOVERNMENT FINANCES MUST BE SUSTAINABLE OVER THE LONG-TERM, IT IS APPROPRIATE TO STIMULATE THE ECONOMY DURING ECONOMIC DOWNTURNS AND SAVE DURING ECONOMIC BOOMS." 17 THE GREENS RAISE TAXES ON POLLUTING INDUSTRIES AND RESOURCE EXTRACTION, REMOVE FOSSIL FUEL SUBSIDIES, END CONCESSIONS FOR ENVIRONMENTALLY HARMFUL INDUSTRIES AND INSTEAD SUBSIDISE ALTERNATIVE INDUSTRIES TO PROVIDE NEW JOBS. REMAIN COMMITTED TO THE CARBON TAX. "IT IS THANKS TO THE GREENS THAT WE HAVE A PRICE ON POLLUTION TO DRIVE THE INVESTMENT WE NEED IN RENEWABLE ENERGY. BY MAKING POLLUTERS PAY, WE CAN RAISE THE REVENUE WE NEED FOR INVESTMENT IN A CLEANER, GREENER ECONOMY, AND EASE SOME OF THE FINANCIAL PRESSURES FAMILIES FACE." INCREASE THE RATE ON THE MRRT FROM 22% TO 40% AND EXTENDING COVERAGE TO ALL MINERALS, NOT JUST SUPPORT DELIBERATE GOVERNMENT INTERVENTION TO ASSIST THE MANUFACTURING INDUSTRY AND TO CREATE MORE GREEN EMPLOYMENT OPPORTUNITIES. IRON ORE AND COAL RESULTING IN AN ADDITIONAL $26 BILLION I OVER FOUR YEARS HTTP://WWW.ALP.ORG.AU/WHAT_WE_RE_FOR HTTP://WWW.LIBERAL.ORG.AU/OUR-PLAN/ HTTP://GREENS.ORG.AU/#BLOCK-VIEWS-POLICY-CAROUSEL-BLOCK HTTP://NEWS.YAHO0.COM/FACTBOX-KEY-POLICY-DIFFERENCES-BETWEEN-AUSTRALIAS-POLITICAL-PARTIES-071328331.HTML HTTP://WWW.ABC.NET.AU/NEWS/FEDERAL-ELECTION-2013/POLICY/ECONOMY/ ANOTHER INFOGRAPHIC BY JAKE "COBBA" STEVENS 77 FACTS AND FIGURES CORRECT AS REPORTED ON 26TH AUGUST 2013. AUTHOR IS NOT AFFILIATED WITH ANY PARTY. CUBBASTEVENS.COM OMP