public hospitals: WHAT WILL BE THERE* A reduction in the overall tax burden.* Signs of modest improvement in the budget bottom line.* Confirmation the budget repair levy on high-income earners will end on July 1, 2017.* $5 billion over four years for a subsidised public dental scheme.* $2.9 billion extra for public hospitals, stemming from COAG agreement.* $230 million cyber security strategy.* $100 million domestic violence campaign.* $21 million in health care for chronic conditions.* Brought-forward upgrade of Adelaide-Tarcoola rail line.* New drugs on the Pharmaceutical Benefits Scheme.* Extra aged-care places, according to Nine News Australia. HINTED AT* Modest personal income tax cuts to address wage inflation pushing middle-income earners into the second-highest tax bracket.* Timetable for phased-in cut to the company tax rate of 30 per cent.* Paring back superannuation tax concessions for high-income earners by lowering the 30 per cent tax on concessional contributions to $180,000 from $300,000, while helping those on low incomes.* Further crackdown on welfare rorters.* Incentives for state governments to get private sector involved in road, rail and port projects, and unlock land for housing.* $1 billion for military role in Afghanistan, Iraq and Middle East, plus $1.4 billion in new defence spending. WHAT WON'T BE THERE* Changes to tax breaks for property investors, aka negative gearing.* Changes to the capital gains tax discount.* A rise in the rate of GST, or broadening its base. WHAT VOTERS WANT* Increased health and education funding.* Personal tax cuts.* Reduced superannuation tax concessions for high earners.* Increased tax on cigarettes. WHAT THE ECONOMY IS DOING* Growing at its fastest pace in two years.* Benign inflation outlook; unemployment rate remaining close to six per cent; wages growth at its slowest in almost two decades.* Iron ore prices have soared to $US70 per tonne compared to $US39 assumed in the mid-year budget review, a positive for national income.© AAP 2016Politics Send your photos, videos and stories to can remain anonymous. WHAT BUSINESS WANTS* The budget back in balance in five years.* A path to a cut in the company and personal income tax rates.* Infrastructure planning and skills training.
(news.financializer.com). As
reported in the news.
Tagged under public hospitals, tax burden topics.