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Labor’s political stances on economic issues

Economic issues

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

Labor’s answer: Yes, and businesses should be required to publish their salary ranges for each position Source

Should the government raise taxes on the rich? stats discuss

Labor’s answer: Lower the income tax rate and remove all existing tax loopholes for large corporations Source

Should welfare recipients be tested for drugs? stats discuss

Labor’s answer: No, only if they have a criminal history related to drug abuse Source

Should workers continue to be paid double wages on Sunday? stats discuss

Labor’s answer: Yes Source

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

Labor’s answer: Yes, a national high-speed fibre optic network is crucial for the future of Australia's economy Source

Should the government raise or lower the tax rate for corporations? stats discuss

Labor’s answer: Increase for large multinational corporations but lower for small businesses Source

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

Labor’s answer: No, these tax cuts will only benefit higher income citizens Source

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

Labor voters: Fewer Source

Should the government raise the federal minimum wage? stats discuss

Labor’s answer: Yes, and adjust it every year according to inflation Source

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

Labor’s answer: Yes Source

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

Labor’s answer: Yes, but in the form of assisting sectors most heavily hit by the recession Source

Do you believe labor unions help or hurt the economy? stats discuss

Labor’s answer: Help Source

Do you support a universal basic income program? stats discuss

Labor voters: Yes Source

Should the government ban negative gearing? stats discuss

Labor’s answer: Yes, the government will save over $4 billion per year in lost taxes Source

Should the government subsidise farmers? stats discuss

Labor’s answer: Yes, but only as a temporary measure to stabilise prices Source

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

Labor voters: Yes Source

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

Labor voters: Yes Source

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

Labor’s answer: No, reduce military spending instead Source

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

Labor voters: Yes Source

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

Labor’s answer: Yes, close loopholes and increase mining taxes Source

Should pension payments be increased for retired government workers? stats discuss

Labor’s answer: Yes Source

Should the government add or increase tariffs on products imported into the country? stats discuss

Labor voters: No Source

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

Labor’s answer: No Source

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

Labor’s answer: No, the currently proposed ABCC would have excessive powers Source

Should the government classify Bitcoin as a legal currency? stats discuss

Labor’s answer: No, and it has no intrinsic value Source

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