Anthony Albanese dismissed the government's budget as an 'incoherent grab bag' of proposals and set up a clash over economic gains for women. covid19 coronavirus budget2020 laborparty
The proposal is the centrepiece of a Labor budget reply that also promises $20 billion to upgrade the electricity grid in a mammoth works program using Australian steel and aluminium.
Mr Albanese contrasted his plan with a federal budget that offered nothing new on childcare at a time when economists at the Grattan Institute forecast a boost to economic growth and family earnings if childcare subsidies are increased."In the worst recession in a hundred years, we have to make sure women aren't forced to choose between their family and their jobs."
Labor voted in the House of Representatives on Thursday to support the government's $17.8 billion personal tax package, and is backing a $26.7 billion company tax break to allow employers to claim a full deduction on capital assets they purchase before June 2022. Prime Minister Scott Morrison argued this week the spending in response to the recession had to be temporary.
Labor would also increase subsidy rates and taper them for every family earning less than $530,000, a relatively high threshold that ensures the gains go to most families.At a cost of $6.2 billion over four years, the Labor policy represents a 15 per cent public funding increase for the system.
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