Hakeem Jeffries trying to ‘go for the record' of longest speech in US Congress
Mr Murray said Hakeem Jeffries is trying to 'go for the record' of the longest speech in US Congress.
'The story right now is a bloke who is seemingly trying to take every moment he can to speak for as long as possible, to get as many eyeballs on his opposition and his party's opposition to the 'Big Beautiful Bill'.'
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Perth Now
13 minutes ago
- Perth Now
Albo's massive call on GST tax change
Anthony Albanese has ruled out increasing to the goods and services tax (GST), as Labor says it will champion small business and the private sector to boost productivity and encourage economic growth Outlining his economic vision for his second term of government at Australia's Economic Outlook in Sydney, which was co-hosted by The Australian and Sky News, the Prime Minister said consumption taxes like GST did not fit in with Labor's agenda. The 10 per cent tax is applied to most goods and services and has been set at 10 per cent since it was introduced in 2000. 'It's not something that we have given any consideration to,' he told Sky's Andrew Clennell. 'I'm a supporter of progressive taxation. Consumption taxes, by definition, are regressive in their nature. So that's something that you know doesn't fit with the agenda.' While he didn't commit to specific changes on income tax, Mr Albanese said it would also be his preference that 'income taxes (are) as low as possible, and wages (are) as high as possible'. Mr Albanese also said tax reform would play an 'important part' in ensuring the private sector and small business was equipped to drive economic growth and jobs, with the Labor acknowledging that 'government should be a driver of growth – but not the driver of growth'. Prime Minister Anthony Albanese shared his economic outlook for Labor's second term on Friday. Max Mason-Hubers/ The AustralianŠ Credit: News Corp Australia Adapting and developing new technologies like AI, 'eliminating frustrating overlap' between local, state and federal regulations, strengthening domestic supply chains and ensuring female participation in the workforce were other key priorities. 'Our government wants you to be able to resume your rightful place as the primary source of growth in our economy,' he said. The renewed commitment follows criticisms from the business community that Labor's first-term industrial relations policies like Same Job Same Pay had hampered businesses growth. However Mr Albanese called on business leaders, civil society and union chiefs, to work together at Labor's upcoming productivity round table in August in order to 'build broad agreement for action'. 'Because very often the public debate about change in our economy is conducted only in terms of dire warnings about what the consequences for Australia will be if we get it wrong,' he said. 'In order to build the broadest possible support for substantive economic reform, we should focus on what we can achieve by getting it right.' Mr Albanese said Labor had not considered increasing GST to over 10 per cent. Max Mason-Hubers / Pool/NewsWire Credit: News Corp Australia In response to the speech, Coalition spokesman for small business Tim Wilson was critical of the commitment and called on Labor to scrap Labor's flagged super tax. When asked during the event, Mr Albanese continued to back the super tax, stating Labor had put the tax forward in its last term, and that the tax would impact just 'half a per cent of people'. 'The only way he is going to be able to deliver for small business is to actually address the root cause of the problems,' he said, naming issues like over-regulation, and reducing taxes,' he told Sky. 'A really simple good way to do it is to stop his plan for a family savings tax on unrealised capital gains, which explicitly hits unsold assets in superannuation, particularly for small businesses.'
News.com.au
26 minutes ago
- News.com.au
‘No consideration': Anthony Albanese rejects GST increase in ambitious outline of Labor's second term agenda
Anthony Albanese has ruled out increasing to the goods and services tax (GST), as Labor says it will champion small business and the private sector to boost productivity and encourage economic growth Outlining his economic vision for his second term of government at Australia's Economic Outlook in Sydney, which was co-hosted by The Australian and Sky News, the Prime Minister said consumption taxes like GST did not fit in with Labor's agenda. The 10 per cent tax is applied to most goods and services and has been set at 10 per cent since it was introduced in 2000. 'It's not something that we have given any consideration to,' he told Sky's Andrew Clennell. 'I'm a supporter of progressive taxation. Consumption taxes, by definition, are regressive in their nature. So that's something that you know doesn't fit with the agenda.' While he didn't commit to specific changes on income tax, Mr Albanese said it would also be his preference that 'income taxes (are) as low as possible, and wages (are) as high as possible'. Mr Albanese also said tax reform would play an 'important part' in ensuring the private sector and small business was equipped to drive economic growth and jobs, with the Labor acknowledging that 'government should be a driver of growth – but not the driver of growth'. Adapting and developing new technologies like AI, 'eliminating frustrating overlap' between local, state and federal regulations, strengthening domestic supply chains and ensuring female participation in the workforce were other key priorities. 'Our government wants you to be able to resume your rightful place as the primary source of growth in our economy,' he said. The renewed commitment follows criticisms from the business community that Labor's first-term industrial relations policies like Same Job Same Pay had hampered businesses growth. However Mr Albanese called on business leaders, civil society and union chiefs, to work together at Labor's upcoming productivity round table in August in order to 'build broad agreement for action'. 'Because very often the public debate about change in our economy is conducted only in terms of dire warnings about what the consequences for Australia will be if we get it wrong,' he said. 'In order to build the broadest possible support for substantive economic reform, we should focus on what we can achieve by getting it right.' In response to the speech, Coalition spokesman for small business Tim Wilson was critical of the commitment and called on Labor to scrap Labor's flagged super tax. When asked during the event, Mr Albanese continued to back the super tax, stating Labor had put the tax forward in its last term, and that the tax would impact just 'half a per cent of people'. 'The only way he is going to be able to deliver for small business is to actually address the root cause of the problems,' he said, naming issues like over-regulation, and reducing taxes,' he told Sky. 'A really simple good way to do it is to stop his plan for a family savings tax on unrealised capital gains, which explicitly hits unsold assets in superannuation, particularly for small businesses.'
The Advertiser
30 minutes ago
- The Advertiser
PM puts lid on GST hikes, pledges boost for business
The prime minister has trimmed expectations Australia's goods and services tax could be raised as part of a suite of changes that includes lower income taxes. While he did not want to rule any policy changes in or out of the government's economic reform agenda, Anthony Albanese was far from supportive of increasing consumption taxes in comments to a News Corp event on Friday. Some economists have called for the GST to be lifted from 10 to 15 per cent and the base broadened to include items like private health insurance and fresh food to provide revenue in order for other levies like income tax to be lowered. But that would mean making the tax system more regressive, resulting in lower earners contributing more as a share of their incomes. "I'm a supporter of progressive taxation," Mr Albanese said, in the clearest indication yet that GST won't be increased after an economic reform roundtable in August. "Consumption taxes, by definition, are regressive in their nature. So that's something that, you know, doesn't fit with the agenda." Outside of tax changes, Mr Albanese promised to get out of businesses' way to help the private sector resume its "rightful place" as the primary driver of Australia's economic growth. Unlike in his government's first three years in power, when fighting inflation and easing cost-of-living pressures took up much of the government's bandwidth, boosting productivity has been identified as Labor's main concern this term. "In a strong, dynamic and productive economy, government should be a driver of growth, but not the driver of growth; facilitating private sector investment and job creation, not seeking to replace it," Mr Albanese said. While tax reform would form an important part of the conversation, he acknowledged the need to cut red tape to make it easier for businesses to create jobs. But any businesses hoping for a relaxation of industrial relations protections will be disappointed. Despite boasting higher wages than other countries in the region, Australia could recapture its manufacturing edge without cutting labour costs, the prime minister insisted. But the nation must make the most of new technologies and capitalise on its ability to locate industrial facilities alongside renewable energy resources. "In the years ahead, comparative advantage in manufacturing will not be defined by minimising the cost of labour," Mr Albanese said. "It will be secured by the most productive use of technology, by cutting transport costs and by cheaper, cleaner energy." Mr Albanese's message was met with cautious support from the opposition. Coalition frontbencher Bridget McKenzie said the government had spent its first term "smashing" small business through industrial relations policies and regulations and needed to use its landslide election win to help the country become more prosperous. "Use the huge mandate that the Australian people have given you to set our country up for the future, and we will back you the whole way," she told Sky News on Friday. "If Labor wants us to be more productive, wants the private sector to grow and prosper, then it needs to look at removing red tape and make tough decisions that their traditional supporters might not like." The prime minister has trimmed expectations Australia's goods and services tax could be raised as part of a suite of changes that includes lower income taxes. While he did not want to rule any policy changes in or out of the government's economic reform agenda, Anthony Albanese was far from supportive of increasing consumption taxes in comments to a News Corp event on Friday. Some economists have called for the GST to be lifted from 10 to 15 per cent and the base broadened to include items like private health insurance and fresh food to provide revenue in order for other levies like income tax to be lowered. But that would mean making the tax system more regressive, resulting in lower earners contributing more as a share of their incomes. "I'm a supporter of progressive taxation," Mr Albanese said, in the clearest indication yet that GST won't be increased after an economic reform roundtable in August. "Consumption taxes, by definition, are regressive in their nature. So that's something that, you know, doesn't fit with the agenda." Outside of tax changes, Mr Albanese promised to get out of businesses' way to help the private sector resume its "rightful place" as the primary driver of Australia's economic growth. Unlike in his government's first three years in power, when fighting inflation and easing cost-of-living pressures took up much of the government's bandwidth, boosting productivity has been identified as Labor's main concern this term. "In a strong, dynamic and productive economy, government should be a driver of growth, but not the driver of growth; facilitating private sector investment and job creation, not seeking to replace it," Mr Albanese said. While tax reform would form an important part of the conversation, he acknowledged the need to cut red tape to make it easier for businesses to create jobs. But any businesses hoping for a relaxation of industrial relations protections will be disappointed. Despite boasting higher wages than other countries in the region, Australia could recapture its manufacturing edge without cutting labour costs, the prime minister insisted. But the nation must make the most of new technologies and capitalise on its ability to locate industrial facilities alongside renewable energy resources. "In the years ahead, comparative advantage in manufacturing will not be defined by minimising the cost of labour," Mr Albanese said. "It will be secured by the most productive use of technology, by cutting transport costs and by cheaper, cleaner energy." Mr Albanese's message was met with cautious support from the opposition. Coalition frontbencher Bridget McKenzie said the government had spent its first term "smashing" small business through industrial relations policies and regulations and needed to use its landslide election win to help the country become more prosperous. "Use the huge mandate that the Australian people have given you to set our country up for the future, and we will back you the whole way," she told Sky News on Friday. "If Labor wants us to be more productive, wants the private sector to grow and prosper, then it needs to look at removing red tape and make tough decisions that their traditional supporters might not like." The prime minister has trimmed expectations Australia's goods and services tax could be raised as part of a suite of changes that includes lower income taxes. While he did not want to rule any policy changes in or out of the government's economic reform agenda, Anthony Albanese was far from supportive of increasing consumption taxes in comments to a News Corp event on Friday. Some economists have called for the GST to be lifted from 10 to 15 per cent and the base broadened to include items like private health insurance and fresh food to provide revenue in order for other levies like income tax to be lowered. But that would mean making the tax system more regressive, resulting in lower earners contributing more as a share of their incomes. "I'm a supporter of progressive taxation," Mr Albanese said, in the clearest indication yet that GST won't be increased after an economic reform roundtable in August. "Consumption taxes, by definition, are regressive in their nature. So that's something that, you know, doesn't fit with the agenda." Outside of tax changes, Mr Albanese promised to get out of businesses' way to help the private sector resume its "rightful place" as the primary driver of Australia's economic growth. Unlike in his government's first three years in power, when fighting inflation and easing cost-of-living pressures took up much of the government's bandwidth, boosting productivity has been identified as Labor's main concern this term. "In a strong, dynamic and productive economy, government should be a driver of growth, but not the driver of growth; facilitating private sector investment and job creation, not seeking to replace it," Mr Albanese said. While tax reform would form an important part of the conversation, he acknowledged the need to cut red tape to make it easier for businesses to create jobs. But any businesses hoping for a relaxation of industrial relations protections will be disappointed. Despite boasting higher wages than other countries in the region, Australia could recapture its manufacturing edge without cutting labour costs, the prime minister insisted. But the nation must make the most of new technologies and capitalise on its ability to locate industrial facilities alongside renewable energy resources. "In the years ahead, comparative advantage in manufacturing will not be defined by minimising the cost of labour," Mr Albanese said. "It will be secured by the most productive use of technology, by cutting transport costs and by cheaper, cleaner energy." Mr Albanese's message was met with cautious support from the opposition. Coalition frontbencher Bridget McKenzie said the government had spent its first term "smashing" small business through industrial relations policies and regulations and needed to use its landslide election win to help the country become more prosperous. "Use the huge mandate that the Australian people have given you to set our country up for the future, and we will back you the whole way," she told Sky News on Friday. "If Labor wants us to be more productive, wants the private sector to grow and prosper, then it needs to look at removing red tape and make tough decisions that their traditional supporters might not like." The prime minister has trimmed expectations Australia's goods and services tax could be raised as part of a suite of changes that includes lower income taxes. While he did not want to rule any policy changes in or out of the government's economic reform agenda, Anthony Albanese was far from supportive of increasing consumption taxes in comments to a News Corp event on Friday. Some economists have called for the GST to be lifted from 10 to 15 per cent and the base broadened to include items like private health insurance and fresh food to provide revenue in order for other levies like income tax to be lowered. But that would mean making the tax system more regressive, resulting in lower earners contributing more as a share of their incomes. "I'm a supporter of progressive taxation," Mr Albanese said, in the clearest indication yet that GST won't be increased after an economic reform roundtable in August. "Consumption taxes, by definition, are regressive in their nature. So that's something that, you know, doesn't fit with the agenda." Outside of tax changes, Mr Albanese promised to get out of businesses' way to help the private sector resume its "rightful place" as the primary driver of Australia's economic growth. Unlike in his government's first three years in power, when fighting inflation and easing cost-of-living pressures took up much of the government's bandwidth, boosting productivity has been identified as Labor's main concern this term. "In a strong, dynamic and productive economy, government should be a driver of growth, but not the driver of growth; facilitating private sector investment and job creation, not seeking to replace it," Mr Albanese said. While tax reform would form an important part of the conversation, he acknowledged the need to cut red tape to make it easier for businesses to create jobs. But any businesses hoping for a relaxation of industrial relations protections will be disappointed. Despite boasting higher wages than other countries in the region, Australia could recapture its manufacturing edge without cutting labour costs, the prime minister insisted. But the nation must make the most of new technologies and capitalise on its ability to locate industrial facilities alongside renewable energy resources. "In the years ahead, comparative advantage in manufacturing will not be defined by minimising the cost of labour," Mr Albanese said. "It will be secured by the most productive use of technology, by cutting transport costs and by cheaper, cleaner energy." Mr Albanese's message was met with cautious support from the opposition. Coalition frontbencher Bridget McKenzie said the government had spent its first term "smashing" small business through industrial relations policies and regulations and needed to use its landslide election win to help the country become more prosperous. "Use the huge mandate that the Australian people have given you to set our country up for the future, and we will back you the whole way," she told Sky News on Friday. "If Labor wants us to be more productive, wants the private sector to grow and prosper, then it needs to look at removing red tape and make tough decisions that their traditional supporters might not like."
