Search Results: Budget 2017

  • ECONOMICS

    Budget's bank slug flouts the property precipice

    • David James
    • 10 May 2017
    3 Comments

    The $6.2 billion the government will raise through a levy on bank liabilities not only shows how out of favour banks have become, it is also, in effect, a de facto tax on property lending - a counterbalance to negative gearing and capital gains tax breaks. It is a tax on property lending because nearly all the banks' loans are mortgages for housing, or business loans secured with property. Of course the banks will pass the extra cost on to their customers, so it becomes a tax on borrowers.

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  • AUSTRALIA

    'Labor-lite' budget's social welfare report card

    • Julie Edwards
    • 10 May 2017
    5 Comments

    'Labor-lite' or not, there are many investments contained in the budget which will work towards a more just society, including the securing of funding for the National Disability Insurance Scheme by raising the Medicare levy, and the needs-based approach to school funding, dubbed 'Gonski 2.0'. But among these commitments that seek to create a more equitable Australia, this budget again seeks to vilify welfare recipients, among the most vulnerable members of our community.

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  • AUSTRALIA

    Hope versus humiliation in the Federal Budget

    • John Falzon
    • 10 May 2017
    14 Comments

    It would be nice to believe, as the Treasurer wants us to, that better times are around the corner. But while wages stagnate and company profits surge, inequality is at its highest since the 1950s. This is not going to get any better any time soon. By 2019, the highest income earners will have received an effective tax cut of 1.5 per cent compared to all other taxpayers who will be paying an extra 0.5 per cent. For young people especially, Budget 2017 boosts inequality instead of building a better future.

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  • RELIGION

    Finding meaning in a chaotic/changing world

    • Frank Brennan
    • 08 May 2017
    1 Comment

    Our Church is presently a strained, outdated social institution with an exclusively male hierarchy and clergy. But it is also the privileged locus for us to be called to the banquet of the Lord sharing theology and sacrament which have sustained the hearts and minds of similar pilgrims for two millennia. Thank God for Pope Francis who is showing us the way, helping us to find meaning in our changing and chaotic world, putting a fresh spring in the step of all those Catholics holding in tension the prophetic and the practical, the theological and the humanist, the tradition and the contemporary reality.

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  • CARTOON

    'Twas the night before budget

    • Fiona Katauskas
    • 08 May 2017

    This week's offering from Eureka Street's award winning political cartoonist.

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  • AUSTRALIA

    Seeking a fair go on budget night

    • Frank Brennan
    • 07 May 2017
    7 Comments

    Part of the cost of the double dissolution election last July has been the creation of a Senate with the largest, most diverse group of crossbenchers ever. This will make the passage of any new contested Budget measures difficult, particularly given the Prime Minister’s vulnerability on his right flank, and the Labor Party's propensity to mimic the Opposition tactics adopted previously by Tony Abbott. The government needs to create a clear narrative as to how it will achieve equitable and sustainable growth through this Budget.

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  • RELIGION

    Australian bishops gather in the light of the royal commission

    • Andrew Hamilton
    • 05 May 2017
    51 Comments

    The government and the Catholic Church both face difficulties when commending values. The difficulties will dog events during the next week in which both institutions are on public display: the bringing down of the budget and the meeting of the Australian Catholics bishops. The question Australians ask is whether the bishops and other public representatives of the Catholic Church have the stomach for the changes in governance needed to address the factors that led to child abuse.

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  • INTERNATIONAL

    Unis share blame for profit motive funding model

    • Binoy Kampmark
    • 03 May 2017
    14 Comments

    For various reasons, 'free' education in Australia has been qualified by HECS, which actually serves to wedge the liquid incentive of government and educational institutions on the one hand with the need for students to obtain affordable education on the other. Even that balance is now under threat, with a pre-budget announcement suggesting cuts to university funding and increasing costs to student degrees are in the offing. Universities are far from blameless in the present distorted funding model.

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  • AUSTRALIA

    Waiting for the trickle down effect

    • Frank Brennan
    • 10 April 2017
    16 Comments

    In an age of 'budget repair', social policy risks becoming just a sidebar to economic policy which is a contest of ideas about how best to grow the size of the pie thereby providing a slice for 'the deserving poor' without having to redistribute too much of the pie, while 'the undeserving poor' drop off the edge as they would have anyway. For those of us schooled in Catholic social teaching, the so-called 'undeserving poor' are the litmus test of our commitment to the human dignity of all persons.

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  • INTERNATIONAL

    Trump's coal crusade will cost

    • Fatima Measham
    • 30 March 2017
    5 Comments

    This week, Trump signed the Energy Independence executive order, which amounts to open slather for oil drilling and coal companies. It turns off policy settings made under Obama, including a moratorium on coal leases on federal land and methane emissions limits in oil and gas production. It's a colossal setback, though it could play well in coal country. While Trump may declare he is '(cancelling) job-killing regulations', people will eventually find it is not emissions-related regulation that is killing jobs.

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  • RELIGION

    The risk and future visioning of sustainable Catholic services

    • Frank Brennan
    • 29 March 2017
    1 Comment

    'We need to be more focused on grace, Christ and God's word, rather than just on law, the Church and papal utterances. But today, I will draw more on law, the Church and the Pope to point us towards those more fruitful domains: grace, Christ and God's word. Our future visioning needs to focus more on the gospel imperatives including the option for the poor and the dignity of all persons, including those who are non-believers.' Address to Catholic Health Australia's Catholic Governance Symposium, 27 March 2017

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  • INTERNATIONAL

    Palestinian water divide highlights discrimination

    • Na'ama Carlin
    • 28 March 2017
    12 Comments

    Some things are invisible until pointed out. Take the water tanks that pepper the rooves of buildings and homes in the West Bank. 'That's how you tell between Palestinian villages and Israeli settlements,' a friend points out. 'The Palestinian homes need water tanks because of restricted water supply from Israel, whereas the settlements don't.' Access to clean water is a fundamental human right, and the water situation in Palestine reveals a cruel privileging of one group over another.

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