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The Forum > General Discussion > Pros and Cons of the Federal Budget 2016

Pros and Cons of the Federal Budget 2016

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I would like to read what contributors to this Forum
think of the Federal Budget 2016.

Pleasantly surprised or disappointed?

Thank You.
Posted by Foxy, Wednesday, 4 May 2016 7:44:35 PM
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Both. It wasn't good, but I was expecting worse.
Posted by Aidan, Wednesday, 4 May 2016 9:30:27 PM
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Like all budgets before it, most of us won't see much difference in our daily lives. I'm somewhat disappointed on behalf of young families who will continue to compete in a one sided competition against investors for a home of there own: investors propped up by $8billions of our money via negative gearing etc. While I think of the Labor Party as an abomination, I can understand young people voting for their policies, which might give a better chance of home ownership. And, of course, the current government might be ousted, and even if they are not, all their measures have to get throught the Senate. Budgets, as the Abbott government discovered, don't always remain in their original form.
Posted by ttbn, Wednesday, 4 May 2016 11:32:18 PM
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Surprisingly, I was impressed that this budget was more intelligent than I can remember for past budgets.

All being subject to the national goals, with which I do not identify, this budget should serve them well.
Posted by Yuyutsu, Wednesday, 4 May 2016 11:35:36 PM
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I was pleasantly if mildly surprised that it is a reasonable effort.

However they are never going to get it right until they get rid of the NDIS & Gonski, & at least half of the quangos.
Posted by Hasbeen, Thursday, 5 May 2016 1:15:17 AM
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Very much a budget slanted in favor of business and traditional Liberal voters. There is nothing in it that will swing the electorate decisively one way or the other. The sweeteners in the form of business tax cuts, 25% tax rate within 10 years, will cost $2.7 billion and the increase from $80k to $87k for the 32.5% personal tax threshold will cost $4 billion, are a reward for past support, but not much else.
Health and education cop another slug from the government. Surprisingly social services got off relatively unscathed.
Very much a Turnbull/Morrison budget, with none of the divisiveness of an Abbott/Hockey budget, but still no "cigar" for the treasurer.
Posted by Paul1405, Thursday, 5 May 2016 6:35:50 AM
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