When is a tax cut not really a tax cut? When it’s due to a bracket change: Greens leader Adam Bandt is preparing to fight the government over already-legislated tax cuts but has stopped short of threatening the passage of supply bills if Labor doesn’t dump them in its October budget. “The Greens will not support a Labor budget based on cuts that hurt everyday people while continuing the handouts to billionaires....
The NSW government looks set “to trial a $780m shared equity scheme”: “The scheme – one of the most significant elements of a $2.8bn housing package to be unveiled in the state budget on Tuesday – will enable buyers to enter the market with a deposit of as little as 2 per cent. At the same time, the government will contribute an equity share of up to 40 per cent of the property price for a new home, or 30 per cent for an existing one....
Hello and welcome to my blog! My name is Justin Pyvis and I’ve been blogging on and off since the early 2000s. I’m an economist by training but also somewhat of an “infovore”, so I tend to opine on a wide range of topics (I have a newsletter that curates thoughtful, well-reasoned articles each week – do check it out). Posts here will be sporadic; I have no fixed publishing schedule....