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Nick Xenophon Team Party

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Nick Xenophon Team’s policies on economic issues

These issues below are sorted in descending order based on how important the average Australian voter ranked them on the quiz.

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the Economy  ›  Equal Pay

Should employers be required to pay men and women the same salary for the same job?

NXT>NXT  ChatGPTYes

the Economy  ›  Sunday Double Wages

Should workers continue to be paid double wages on Sunday?

NXT>NXT  ChatGPTYes

the Economy  ›  Taxes

Should the government raise taxes on the rich?

NXT>NXT  ChatGPTLower the income tax rate and remove all existing tax loopholes for large corporations

the Economy  ›  Minimum Wage

Should the government raise the federal minimum wage?

NXT>NXT  ChatGPTYes, and adjust it every year according to inflation

the Economy  ›  Welfare Drug Testing

Should welfare recipients be tested for drugs?

NXT>NXT  ChatGPTYes, but provide treatment for those testing positive

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the Economy  ›  Mining Water Use

If their projects involve water, should coal companies be subject to additional government regulations?

NXT>NXT  ChatGPTYes

the Economy  ›  Welfare

Should there be fewer or more restrictions on current welfare benefits?

NXT>NXT  ChatGPTFewer, and ensure benefits go to those that need it most

the Economy  ›  Four-day Workweek

Should Australia transition to a four-day workweek?

NXT>NXT  ChatGPTNo

the Economy  ›  Economic Stimulus

Should the government use economic stimulus to aid the country during times of recession?

NXT>NXT  ChatGPTYes, but in the form of increased spending on infrastructure

the Economy  ›  Turnball Tax Cut

Do you support Malcolm Turnbull’s $50 billion corporate tax cut?

NXT>NXT  ChatGPTNo, these tax cuts will only benefit higher income citizens

the Economy  ›  Corporate Tax

Should Australia raise or lower the tax rate for corporations?

NXT>NXT  ChatGPTIncrease for large multinational corporations but lower for small businesses

the Economy  ›  Universal Basic Income

Do you support a universal basic income program?

NXT>NXT  ChatGPTNo

the Economy  ›  Farm Subsidies

Should the government subsidise Australian farmers?

NXT>NXT  ChatGPTYes, but only small local farms instead of large corporations

the Economy  ›  National Broadband Network

Should the Australian government continue to invest billions of dollars into the development of the National Broadband Network?

NXT>NXT  ChatGPTYes, a national high-speed fibre optic network is crucial for the future of Australia's economy

the Economy  ›  Negative Gearing

Should the government ban negative gearing?

NXT>NXT  ChatGPTYes, this concession disproportionately benefits the rich

the Economy  ›  Labor Unions

Do you believe trade unions help or hurt the economy?

NXT>NXT  ChatGPTHelp, but ban their ability to make political donations

the Economy  ›  Government Pensions

Should pension payments be increased for retired government workers?

NXT>NXT  ChatGPTYes, adjust them yearly for cost of living

the Economy  ›  Domestic Jobs

Should the government provide tax incentives to private companies to keep jobs within the country?

NXT>NXT  ChatGPTYes

the Economy  ›  Bonus Cap

Should bankers’ bonuses be capped at 100% of their pay?

NXT>NXT  ChatGPTYes

the Economy  ›  Rent Tax

Do you support an increase in the mineral resources rent tax?

NXT>NXT  ChatGPTYes, close loopholes and increase mining taxes

the Economy  ›  Government Spending

Should the government make cuts to public spending in order to reduce the national debt?

NXT>NXT  ChatGPTNo, focus on ending tax evasion instead

the Economy  ›  Offshore Banking

Should Australian citizens be allowed to save or invest their money in offshore bank accounts?

NXT>NXT  ChatGPTNo, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes

the Economy  ›  Trans-Pacific Partnership

Do you support the Trans-Pacific Partnership (TPP)?

NXT>NXT  ChatGPTNo, there are too many hidden provisions in this specific agreement

the Economy  ›  Tech Monopolies

Should the government break up Amazon, Facebook and Google?

NXT>NXT  ChatGPTNo

the Economy  ›  Surcharge Ban

Should the government ban surcharges tacked onto concert tickets, cable bills, banking services, hotel bookings and other purchases?

NXT>NXT  ChatGPTYes, all costs for a service should be included in the final purchase price

the Economy  ›  State Ownership

Should the government acquire equity stakes in companies it bails out during a recession?

NXT>NXT  ChatGPTYes

the Economy  ›  Gig worker tax reporting

Should online payment platforms be forced to report all transactions over $600 to the IRS?

NXT>NXT  ChatGPTNo, private transactions should be kept private

the Economy  ›  Decentralised Finance

Should the technology of our financial system transition to a decentralized protocol, that is not owned or controlled by any corporation, similar to the internet?

NXT>NXT  ChatGPTYes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services

the Economy  ›  ABCC

Should the government reinstate the Building and Construction Commission (ABCC)?

NXT>NXT  ChatGPTNo, the currently proposed ABCC would have excessive powers

the Economy  ›  Stock Buybacks

Should the government tax stock buybacks?

NXT>NXT  ChatGPTYes, but I would prefer if they were banned