What I want to see in the Budget
Next Tuesday’s Federal Budget is a big moment for our country. Join me on Instagram live for instant reaction on budget night – Tuesday 14th May at 8.30pm – with Ladies Finance Club founder Molly Benjamin. Log on to Instagram on Tuesday evening to join the live.
We’ve already had a big win, with the government agreeing to wipe $3 billion off student loans.
If you have an average HECS debt of $26,500, your debt will be cut by $1,200. If you have a $50,000 debt, it will be cut by $2,200.
HECS debt indexation will now be based on the lower of consumer price inflation, or the wage price index – and the changes will be backdated to last year.
The government's announcement follows a year of intense pressure from the crossbench. I have pushed the Minister on this in Question Time and Monique Ryan’s petition calling for this change got over 280,000 signatures. It shows yet again the power of independents in this parliament.
But there’s so much more we need from this Budget. Here are my top four priorities:
1. Putting downward pressure on inflation.
Rising costs are hurting Australians across the country. We need to make sure that this budget doesn't add to those price pressures, and that every dollar spent by the government has the greatest impact. For instance, the government is spending a lot of money on infrastructure projects – and while these can be positive, government spending has often not been on projects that make the biggest difference and they are also making it harder to get the tradies we need to build housing. Every dollar counts, and I will be looking closely to make sure the government is spending its money wisely.
2. Helping those people who need it.
While we have to keep downward pressure on inflation, we know some in our community are struggling more than others. That is why I believe we need to increase investment in mental health and domestic violence services, as well as Jobseeker. We also must make it easier for women wanting to re-enter the workforce to access childcare.
We also need to see more action on the housing crisis. That means better incentives for the states to increase housing supply, support for social housing, increases in Commonwealth Rent Assistance, and a change to property taxes to make it easier to rent out spare rooms.
3. Delivering for climate and cost of living.
Permanent power bill relief and faster action on climate must also be a priority.
I am continuing to advocate for my People Power Plan – which would turbo-charge the uptake of solar, batteries, efficient electrical appliances, and better home energy performance.
The plan includes specific support for renters and apartment dwellers – and has been backed by a broad range of community organisations.
4. Future-focused economic reform.
Investment and innovation are crucial for our economic prosperity, so we need a budget that delivers for start-ups, high-growth and small businesses that are so crucial to innovation and growth.
That means making it simpler for businesses to hire people and increasing access to funding for new and emerging businesses. One place to start is implementing the recommendations put forward by the House Economics Committee, including my additional comments to the report. These were focused on building on the opportunities to enhance dynamism in areas where the report didn't go far enough, for example, innovation, tax, IR and climate action.
We also need the government to seriously engage with tax reform – to address intergenerational equity, productivity, and climate change.
Recording of Integrity and truth in politics Zoom with Dr Helen Haines MP
I know that integrity is one of the most important issues for people in Wentworth and so it's been a key focus for me since entering parliament. Last week, Dr Helen Haines MP joined me over Zoom for a discussion about truth in political advertising, strengthening our democracy and how Independents are cleaning up politics.
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