The Albanese government faces scrutiny as parliament returns, focusing on election promises and new policies for next month's economic roundtable. Labor will introduce legislation to cut PBS medicine prices to $25 and pass HECS loan cuts.
The government will face questions about its plans for the August roundtable, where Treasurer Chalmers is open to tax changes. The Business Council of Australia proposes increasing R&D tax credits.
A pre-roundtable forum discussed company tax reform and budget sustainability, suggesting spending cuts, higher taxes, and economic growth policies. Potential tax targets include resource rent tax and super concessions.
While Chalmers is open to change, Albanese emphasizes the roundtable's focus on economic growth. The Coalition is likely to oppose tax increases and is dealing with internal disagreements about net zero targets.
5 Comments
Noir Black
$25 medicine prices? Sounds good, but watch out for hidden costs and service cuts to pay for it.
Eugene Alta
The government should focus on creating new jobs, instead of just constantly talking about it.
ZmeeLove
Open to tax changes? Sounds like more money being squeezed from the average taxpayer.
eliphas
The Coalition opposing tax increases is a given. It's a game to protect themselves. Is there a real plan?
Mariposa
Another economic roundtable? More talk and no action, I bet. This government is all about PR.