‘Hasn’t been luck’: Jobs claim sets up budget clash on wages, cost of living | CroweDM
A fall in unemployment to the lowest rate since 1974 will set up an election clash on jobs and wages in a federal budget that offers billions of dollars in household payments and cuts to fuel excise to lure voters back to the government.
The fuel excise cut will sacrifice at least $2 billion in revenue, before accounting for tax deductions, when the Russian invasion of Ukraine has pushed petrol above $2.20 per litre and led to estimates that any one-off budget help could be wiped away by a move in the global oil price.“This budget is about addressing the cost of living pressures being faced by Australian families,” Prime Minister Scott Morrison said on Monday while visiting the site of the Western Sydney Airport to announce $17.
But the Senate only sits for its usual business on Tuesday and Wednesday this week before holding estimates committee hearings on Thursday and next week, leaving little time to pass laws. “We doubt that the cut is ‘temporary’ as reintroduction in six months will likely prove very, very challenging.” “We’re in just two minutes to the election being called. And now, they discover cost of living is an issue? Well, Australians will be quite rightly cynical about this government’s motives and how fair dinkum they are,” he said.
The government will pin its campaign on jobs and wages on a budget forecast that shows the unemployment rate falling to 3.75 per cent in the September quarter of this year, the lowest since 1974.
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