Almost every Australian would save around $1,000 a year under tax changes proposed by the Greens that would be paid for by collecting 'rivers of gold' from gas and mining companies.
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that → save → companies
In his first address to the National Press Club on Wednesday, new party leader David Shoebridge will say the policy is expected to 'turn the tide' on inequality.
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policy → say → inequality
The centrepiece of the minor party's renewed platform is lifting the tax-free threshold from $18,200 to $26,000, which would give more than $1,000 back to almost every working Australian, he will say.
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he → renew → Australian
People on income support, including pensioners, carers, students and job seekers will also get $1,000 a year extra.
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People → include → 1,000
Shoebridge insisted the policy should be considered now and could be negotiated with Labor before the next election, due to be held by May 2028.
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policy → insist → May
To pay for the $22billion-a-year commitment, the Greens would introduce a 25 per cent gas export tax and a market-linked resource rent tax, clawing back an estimated $45 billion.
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Greens → pay → billion
'When the price of our resources goes up, the Australian people should get their fair share.
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people → go → share
After all, the public owns the resources in the first place,' Shoebridge will say.
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Shoebridge → own → place
'Right now, those windfall profits get scooped up by the ultra-wealthy.'
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profits → scoop → wealthy
New Greens leader David Shoebridge will unveil a new tax policy that would save almost every Australian $1,000 a year
Shoebridge will also claim the policy would not impact inflation.
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policy → unveil → inflation
'Putting $1,000 in people's pockets only adds to inflation if we don't also do something about corporate profiteering,' Shoebridge will say in his speech.
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Shoebridge → put → speech
'So we'll take the heat out of the economy by trimming those corporate profits and sharing them with everyone.
'
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we → take → everyone
We'll tackle the cost of living by ending this raw deal on our resources and handing the money back to the people who need it.
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who → tackle → it
This is how government is meant to work.
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government → mean → ?
'
The tax-free threshold policy will be offset by new corporate taxes targeted at the resources sector, Shoebridge is expected to say.
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Shoebridge → offset → sector
However, the speech does not specify which resources it would cover or how it would interact with state royalties, with details still to be determined, the ABC reports.
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ABC → specify → royalties
It comes after government spending has come under scrutiny as the Reserve Bank of Australia (RBA) continues to hike interest rates in an attempt to get inflation under control.
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Bank → come → control
'Government spending is definitely part of the picture,' RBA Governor Sarah Hunter told 60 Minutes on Sunday.
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Hunter → tell → Sunday
He will say the $22billion policy will be paid for by collecting 'rivers of gold' from gas and mining companies (stock image)
'
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policy → say → companies
But what I would also say is that we're an independent central bank.
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we → say → what
It's really not our place to tell the country, politicians, individuals, anyone, what governments should or shouldn't spend money on, how much they should or shouldn't be spending.
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they → tell → much
'That's a conversation the country should have, and we all get to have our say at the ballot box effectively, when elections roll around.'
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elections → have → box
At the 2025 federal election, then-Greens leader Adam Bandt announced a series of 'Robin Hood reforms' that pledged to raise $514billion over the next decade.
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that → announce → decade
The plan consisted of a 40 per cent tax on excessive profits that corporations earned on turnover after the first $100million, a tax on offshore oil and gas corporations, and a 40 per cent tax on the 'super profits' of mining projects.
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corporations → consist → projects
Greens senator accused of inappropriate behaviour around women blasts 'allegations of allegations'
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senator → accuse → allegations
The Greens have a serious problem with hypocrisy - and the allegations against Jordon Steele-John have exposed it: PVO
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allegations → have → it
The Aporia
