Labor has compromised with the federal coalition government to secure passage of the $6.3 billion Budget Savings (Omnibus) Bill, which contains cuts to family payments, carer allowances and the federal renewable energy agency, and contains further attacks on students, pensioners, migrants and the unemployed.
The Australia Institute, a think tank, estimates that more than 60 percent of the savings come “at the expense of lower income people, with the rest coming mainly from higher education and innovation”.
On top of that, the major parties passed $4.6 billion in tobacco excise increases – a sin tax that overwhelmingly will slug the working class.
The mid-September “watershed moment” (in the words of one Financial Reviewjournalist) is a huge shot in the arm for the struggling federal government, and an absolute disgrace on the ALP.
Treasurer Scott Morrison – the man at the frontline of the Liberal push to undermine and dismantle the public pension, health and education systems – was effusive toward the so-called opposition: “I commend [ALP shadow treasurer] Mr Bowen this week, I commend Chris on the work he did … I think it is clear that there are people in Labor, as Chris has demonstrated, we can work with to come to arrangements like this”.