This week’s budget marks a remarkable turning point in Australia’s economic and political debate. Fears of budget deficits and public debt have been replaced by fears of pandemic and mass unemployment. And I’m not talking about a skittish public – these are the fears of Scott Morrison and Josh Frydenberg. Theirs has been a productive

New analysis from The Australia Institute has found that the 2020-21 Budget has set a new record for items deemed ‘nfp — not for publication’ because the item is classified, still under negotiation, or commercial in confidence. Budgets always have some items marked up ‘not for publication’, but Australia Institute analysis shows the 20-21 Budget

The Economy Income tax cuts as stimulus by Matt Grudnoff The fiscal cliff by David Richardson It’s a Man’s Man’s Man’s World by Alia Armistead Creating jobs by stimulating business by David Richardson Research & Development by David Richardson Spending on infrastructure by David Richardson Climate & Energy Climate change, what climate change? by Richie

New analysis from The Australia Institute has found that the Government’s income tax changes announced in the Budget will disproportionately advantage men over women, both now and into the future. Men will receive three in every five dollars of tax benefit in this financial year and then seven in every 10 dollars of the benefit

New analysis from The Australia Institute has found that the income tax changes announced in the Budget yesterday will disproportionately advantage wealthy Australians both now and into the future. The limited, temporary benefit that will flow to Australians on low and middle incomes this year will be replaced by larger, permanent tax cuts given to

The Commonwealth government tabled its 2020-21 budget on 6 October, six months later than the usual timing because of the dramatic events associated with the COVID-19 pandemic and resulting recession. There is no doubt it is a budget unlike any other in Australia’s postwar history. While the budget certainly unleashes unprecedented fiscal power, its underlying logic and specific policy design are unsatisfactory in many ways. We present here analysis and commentary on several aspects of the budget, drawing on input from all of the Centre’s research staff: Economist and Director Dr. Jim Stanford, Senior Economist Alison Pennington, and Economist Dan Nahum.

The $16.9 billion spent on the early introduction of tax cuts in financial year 2021-22, as announced in the Budget, would create at least 160,000 fewer jobs than investing the same amount into healthcare, education and other public services, new analysis tonight from The Australia Institute has found. Key findings: According to the Government, the

by Ebony Bennett [Originally published in the Canberra Times, 03 October 2020] Pioneering feminist Susan Ryan sadly passed away this week, not long after United States Supreme Court Justice Ruth Bader Ginsburg. While Ruth Bader Ginsburg pursued American women’s equality and freedom through the courts, Susan Ryan pursued it through the parliament, running on a

Richard Denniss [Originally published on the Guardian Australia, 01 October 2020] Thank you, Victorians. Your determination to crush the second wave of Covid-19 has delivered me, and the rest of Australia, enormous health, social and economic benefits. Your resolve, your patience and your sacrifice, means that the rest of Australia has been able to open

New research from The Australia Institute has shown that investing $13 billion into services such as healthcare and education would create 162,000 jobs across Australia. That is between seven and 12 times the number of jobs that are likely to be created by bringing forward the Stage 2 income tax cuts by a year. Key

With state budget deficits a potential issue in the coming Queensland election, new research from the Centre for Future Work shows that cutting public sector jobs and wages would directly undermine the delivery of essential public services at a challenging time in Queensland’s history. Moreover, misplaced fiscal austerity would also hurt the state’s economic recovery by reducing spending, employment and production in the private sector. These effects would be especially severe in regional and remote QLD, which is most reliant on public service jobs.

The Australia Institute has criticised the Queensland Government’s deal to subsidise the Adani coal project via a royalty deferral deal. The long-running negotiations between Adani and the Queensland Government will allow the coal mine to ‘dig now, pay later’ at a secret, but certainly discounted, interest rate. Key points: The royalty deal has been reported

So what is MMT and why should you care?

New research from The Australia Institute’s Nordic Policy Centre shows there is no evidence for claims that higher levels of taxation have a negative impact on economic growth. As Australia’s economy begins to emerge from the COVID-19 recession, a comparative study of 188 countries has shown that higher levels of taxation, such as those found

A national advertising campaign opposing the early introduction of the Government’s income tax cuts will begin airing on SKY and commercial television this week. The campaign is being supported by more than 40 prominent Australians, including: Bernie Fraser, former governor of the Reserve Bank Stephen Grenville, former deputy governor of the Reserve Bank John Hewson

by Richard Denniss[Originally published by the Guardian Australia, 16 September 2020] At the beginning of the Covid-19 pandemic the Morrison government was adamant that – because the economy would “snap back” once the virus passed – their stimulus spending would be temporary and targeted. Well, you don’t hear much about “snap back” anymore and there is absolutely

New modelling from The Australia Institute has shown that bringing forward the Government’s income tax cuts will disproportionality advantage men over women, despite women being hardest hit in terms of lost employment due to the COVID-19 recession. Key findings Total employment in March and April fell 3.9 percent for men and 5.3 per cent for

The Australia Institute today released a report commissioned from economist Saul Eslake exploring tax reform possibilities for Tasmania as it emerges from the COVID-19 pandemic and recession. The report proposes reforms in three areas of Tasmania’s state taxation system: Replacing stamp duties on the transfer of land (conveyance duty) with a broadly-based land tax, levied

New research from The Australia Institute has shown more voters want to see Government spending going towards supporting those looking for work and spending on infrastructure and services than for it to be used to hand out income tax cuts. The Australia Institute poll of 1017 Australians between 10 and 11 September 2020 showed, when

by Richard Denniss[Originally published by the Guardian Australia, 03 September 2020] Rather than drill new fracking wells into prime farmland, the quickest, cleanest and most economically efficient way to boost the supply of gas in Australia is to stop wasting it. According to the Australian Industry (AI) Group’s budget submission, “Ramping up support for manufacturers to

New economic research shows up to 12,000 community service jobs are at risk due to the Federal Government’s failure to confirm whether federal funding for community service organisations will be maintained. The new report released today by the Australia Institute’s Centre for Future Work demonstrates the economic importance of Commonwealth pay-equity funding at a time

New research from The Australia Institute demonstrates that bringing forward Stages 2 and 3 of the Government’s income tax cuts would mainly benefit high income earners and have a very poor stimulatory effect on the economy. Key findings The benefits of bringing forward the income tax cuts would mainly go to high income taxpayers who

With the incidence of workplace monitoring increasing during the pandemic lockdown, new research shows that workers should be compensated for the secondary use of data gathered in the course of their employment. The Australia Institute’s Centre for Responsible Technology have made a submission to a NSW inquiry into the future of work, arguing that information

With millions facing unemployment and crisis-accelerated job transitions, public investment in the skills and earning capabilities of Australians will be critical to our post-pandemic recovery.

by Richard Denniss[Originally published by Guardin Australia, 20 August 2020] Neoliberalism is spreading coronavirus faster than any “reckless teenager” ever could. Privatised guards at quarantine hotels, private aged care centres that put profits ahead of staffing levels, and the fact that those in charge neglected to have their health professionals appropriately evaluate the risk of the Ruby