While 56 per cent of Australians living in households with incomes of less than $40,000 per cent per year were willing to pay higher taxes to fund an increase in the aged pension, only 34 per cent of those with household incomes above $150,000 agreed.

Discusses the extent of the profits banks will generate by not passing on the full cut in official interest rates to their customers.

Australian banks should pass on the full cut in the interest rate to their customers. The Reserve Bank is trying to stimulate the economy, not the profits of Australia’s big banks.

As many as 20,000 full-time jobs could be created for just $1 billion according to a submission by The Australia Institute to the Senate inquiry into the Government’s proposed stimulus package. For $42 billion the government is only expecting to sustain 90,000 jobs over two years, which is $233,000 per job per year. At just

High income earners are using low-cost private health insurance products to avoid the Medicare Levy Surcharge according to a report released today by the Australia Institute. The Institute’s analysis uses unpublished ABS data to estimate that the practice is costing Australian taxpayers $230 million a year in lost revenue. The findings are made in Using