It’s day three of the federal election and there have been a lot of proposals and promises to keep up with. Here are some things you may have missed:
Health and education: Labor announced a $100 million scholarship plan to create more indigenous teachers, and wants to spend billions more. However, the Coalition say this would increase taxes. Malcolm Turnbull said these promises are “fantasy”.
Corporate tax cuts: The Government has promised $50 billion in tax cuts, however Labor said the proposal favours big business over “battlers”.
Climate change: Labor proposed a 45% cut in emissions on 2005 levels by 2030, and 23% clean energy by 2020. The Coalition proposed a 26-28% cut in emissions on 2005 levels by 2030, and 23% clean energy by 2020.
Negative gearing: Labor said there will be no negative gearing for existing dwellings purchased after July 1, 2017. The capital gains tax discount will also be cut to 25 per cent. The Coalition will make no changes to tax arrangements.
Day two of the election featured even more promises, including Labor pledging $100 million to build a new stadium for the NRL Cowboys by 2020.
Rumours were trumped when both Malcolm Turnbull and Bill Shorten ruled out forming a coalition government with the Greens in the event of a hung parliament. The day ended with Labor still leading the poll with 51 to 49%.
Day three of the election has only just begun, and there’s a lot of talk around the Greens and the call for more Indigenous teachers.
The double dissolution election will be held on July 2.
