Should the government raise the federal minimum wage? Learn more?
The federal minimum wage is the lowest wage at which employers may pay their employees. In 2015 the minimum wage increased by 2.5 percent to $16 per week. Proponents of a higher minimum argue that the 2.5% increase in 2015 is not high enough to cover basic costs like healthcare and education which are increasing by 5% a year. Opponents argue that raising the minimum wage will increase unemployment and make it harder for lower income workers to find jobs. See public opinion
Should the government raise taxes on the rich? Learn more?
The top income tax bracket in Australia includes all incomes over $181,000 and is taxed between 30.3% and 45%. Individuals making $180,000 are taxed $65,000 plus $.45 for each $1 earned over $180,000. An individual making more than $500,000 would pay a tax rate of 59% in Australia, 57% in the UK, 60% in the US and 73% in Brazil. See public opinion
Should the government make cuts to public spending in order to reduce the national debt? Learn more?
The 2015 Australian Federal Budget was the eight in a row which contained a budget deficit. The deficit grew 7% to $37.4 billion. A $4.4 billion family aid package, a $5.5 billion small business package and slowing mineral exports were the largest contributors to the increased deficit. The largest cuts were made to foreign aid which decreased by 29% from 2014. Proponents of deficit reduction argue that governments who do not control budget deficits and debt are at risk of losing their ability to borrow money at affordable rates. Opponents of deficit reduction argue that government spending would increase demand for goods and services and help avert a dangerous fall into deflation, a downward spiral in wages and prices that can cripple an economy for years. See public opinion
Should the Australian government continue to invest billions of dollars into the development of the National Broadband Network? Learn more?
The National Broadband Network is currently under construction and will eventually provide fast internet access to a majority of Australians. By July 2016 25% of all homes will have access to the network. 75% of all homes should have access by the fall of 2018. Opponents of the network argue that the project is severely over budget and should be turned over to private companies. Proponents of the network argue that fast internet at a low cost is necessary to grow the Australian economy. See public opinion
Should workers continue to be paid double wages on Sunday? Learn more?
In 2015 the Productivity Commission recommended changes to the workplace laws which included removing the requirement that workers in the cafe, hospitality, entertainment, restaurant and retailing industries receive double pay for working on Sundays. The commission argued that the laws were created in a different era when less people shopped and went to church. Opponents, including Unions, argue that the rule change would result in a pay cut for thousands of minimum wage workers who work in cafes, shops and restaurants. See public opinion
Should employers be required to pay men and women the same salary for the same job? Learn more?
In 2015 men were paid an estimated 17.2% more than women according to the Australian Bureau of Statistics. There is currently no proposed equal pay legislation in the Australian parliament. Opponents of equal pay laws argue that pay gap statistics don’t take into account women who take jobs that are more family-friendly in terms of benefits rather than wages and that women are more likely to take breaks in employment to care for children or parents. Proponents argue that laws should be passed to even the playing field for women in all parts of the country including Western Australia where the pay gap is 26%. See public opinion
Should Australia raise or lower the tax rate for corporations? Learn more?
Australia’s corporate tax rate is currently 30%. Due to loopholes and offshore headquarters many companies in Australia pay significantly less with 1/3rd of major corporations paying no taxes at all. Some economists argue that the tax should be abolished in place of higher taxes on certain high earning individuals and stock market transactions. See public opinion
Should welfare recipients be tested for drugs? Learn more?
In 2014 the government denied a proposal to subject welfare recipients to drug testing. Proponents including Liberal-National Party MP George Christensen argued that anyone receiving taxpayer funded benefits should be able to demonstrate that they are drug-free. Opponents, including Greens MP Adam Bandt, argued that if welfare recipients were subject to testing MPs should be as well. See public opinion
Should there be fewer or more restrictions on current welfare benefits? Learn more?
In 2011 the level of public spending on the welfare state by the British Government accounted for £113.1 billion, or 16% of government. By 2020 welfare spending will rise to 1/3rd of all spending making it the largest expense followed by housing benefit, council tax benefit, benefits to the unemployed, and benefits to people with low incomes. See public opinion
Should the government ban negative gearing? Learn more?
Negative gearing is the practice of using losses on property investments to reduce taxable income. In 2013, approximately 1.3 million Australians used the concession. Data shows that high income earners write off much larger percentages of their taxes than those who earn lower wages. In 2012, surgeons wrote off $4,161 of their taxes using negative gearing while teachers wrote off $327. Proponents, including Malcolm Turnbull, argue that the practice has been part of Australian tax law since 1915 and is not a tax break since the real estate investor is taking a loss to their assets. Opponents argue that the policy disproportionately benefits Australians in high-paying occupations, not those of average incomes, since they are much more likely to own investment properties. See public opinion
Do you support Malcolm Turnbull’s $50 billion corporate tax cut? Learn more?
In June 2016, Malcolm Turnbull proposed a 10 year $50 billion corporate tax cut. If re-elected, Turnbull would reduce the tax rate on companies who earn less than $10 million by 1% to 27.5%. The following year the tax cut would apply to companies who earn less than $25m. Turnbull plans to pay for the cuts by reducing the number of superannuation tax concessions. See public opinion
Should the government use economic stimulus to aid the country during times of recession? Learn more?
After the 2008 financial crisis The Rudd Government passed two stimulus packages in an effort to revive the Australian economy. The packages were worth more than a combined $50 billion. Mr. Rudd argued that they helped sustain the economy by boosting retail sales and saving tens of thousands of jobs. See public opinion
Should bankers’ bonuses be capped at 100% of their pay? Learn more?
In 2014, the EU passed legislation that capped bankers' bonuses at 100% of their pay or 200% with shareholder approval. There are currently no caps on banker's pay in Australia. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on bankers' pay will push up non-bonus pay and cause bank's costs to rise. See public opinion
If their projects involve water, should coal companies be subject to additional government regulations? Learn more?
The Australian government has recently passed legislation which means any new CSG or large coal projects potentially linked to water reservoirs will need assessment by an expert committee before being approved. See public opinion
Do you believe trade unions help or hurt the economy? Learn more?
Since 1996 Union membership in Australia has dropped from 40% of all workers to 15%. Unions bargain on behalf of workers over wages, benefits, working conditions for their membership. Larger unions also typically engage in lobbying activities and electioneering at the state and federal level. See public opinion
Should the government provide tax incentives to private companies to keep jobs within the country?
Do you support the Trans-Pacific Partnership (TPP)? Learn more?
The Trans-Pacific Partnership is a trade deal that would make it easier for Australian companies to sell their goods and services in the U.S., Mexico, Australia and eight other Pacific Rim countries. Opponents argue that this bill will incentivize Australian companies to move service and manufacturing jobs overseas. Proponents argue that it would make Australian companies more successful at selling their goods and services Pacific Rim countries, leading to a stronger economy, more jobs and higher incomes for Australian workers. See public opinion
Should the government subsidise Australian farmers? Learn more?
Australia farmers currently receive approximately 4% of their income in subsidies from the government. Farmers in the European receive 35% of their incomes in subsidies and farmers in the U.S. receive 28%. Proponents of higher subsidies argue that they are necessary to compete with agriculture exports from other western countries. Opponents argue that the farmers should fend for themselves and point out that 2,300 farmers who do not grow crops receive annual subsidies See public opinion
Should pension payments be increased for retired government workers? Learn more?
A government pension is a fund into which a sum of money is added during the period in which a person is employed by the government. When the government employee retires they are able to receive periodic payments from the fund in order to support themselves. As the birth rate continues to fall and the life expectancy rises governments worldwide are predicting funding shortfalls for pensioners. Of the 500,000 people receiving pensions in 2015 47% of the wealthier recipients received reduced pensions and 18% lost access to all of their pension payments. 34% of lower income pensioners received an increase in their pension of $30 a fortnight. The pensioners who lost their payments were deemed to have at least $823,000 in assets (this did not include the value of a home). See public opinion
Do you support an increase in the mineral resources rent tax? Learn more?
The Minerals Resource Rent Tax came into effect on July 1, 2012. It is a 22.5 per cent tax on the profits of iron ore and coal projects but only applies to profits over $75 million. There have been calls on different sides to both abolish and expand the tax. See public opinion
Should Australian citizens be allowed to save or invest their money in offshore bank accounts? Learn more?
An offshore (or foreign) bank account is a bank account you have outside of your country of residence. The benefits of an offshore bank account include tax reduction, privacy, currency diversification, asset protection from lawsuits, and reducing your political risk. In April 2017, Wikileaks released 11.5 million confidential documents, known as the Panama Papers, which provided detailed information on 214,000 offshore companies serviced by the Panamanian Law Firm, Mossack Fonesca. The document exposed how world leaders and wealthy individuals hide money in secret offshore tax shelters. The release of the documents renewed proposals for laws banning the use of offshore accounts and tax havens. The Australian Tax Office identified more than 800 individuals who were using the law firms services. Proponents of the of the ban argue they should be outlawed because they have a long history of being vehicles for tax evasion, money laundering, illicit arms dealing and funding terrorism. Opponents of the ban argue that punitive regulations will make it harder for Austrian companies to compete and will further discourage businesses from locating and investing in the United States. See public opinion
Should the government reinstate the Building and Construction Commission (ABCC)? Learn more?
In 2015 the Senate blocked the passage of a bill which would have restored the Building and Construction Commission. The agency was responsible for monitoring and promoting workplace relations in the building and construction industry. The ABCC provided education, investigated workplace complaints and enforced compliance with national workplace laws in the industry. The agency was abolished in 2012 after unions successfully lobbied the government to dismantle it. See public opinion
Should the government classify Bitcoin as a legal currency? Learn more?
Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Bitcoins are stored in a digital wallet, which is like a virtual bank account that allows users to send or receive bitcoins and pay for goods or services. Bitcoin is anonymous, meaning that, while transactions are recorded in a public log, the names of buyers and sellers are never revealed. See public opinion