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Coalition Says Cuts to Climate, Housing and More Would Save $31 Billion
The Coalition has unveiled $31.3 billion in proposed spending cuts over four years, targeting climate programs, housing initiatives, and welfare eligibility for non-citizens to fund its income tax plan and leave the budget $22 billion better off. News source: Google / https://www.abc.net.au/ Opposition Leader Angus Taylor has unveiled $31.3 billion in proposed budget savings, claiming the Coalition can fund its signature income tax cuts while leaving the federal budget $22 billion better off over four years. The package costed by the independent Parliamentary Budget Office, targets climate programs, housing initiatives, corporate subsidies, welfare eligibility, and the illicit tobacco trade. Taylor framed the savings as a "down payment" to pay for tax cuts, arguing that government spending is fuelling inflation and keeping interest rates high. "We see a treasurer and a government that has lost control of its spending. If a government spends too much ... it drives up inflation and interest rates and of course that's what we're seeing in Australia right now - the biggest collapse in living standards of any developed country in the world," Taylor said. Where the Cuts Come F...
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