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A nation splintering amid growing inequality: ACOSS report

ACOSS today urged Australian governments to make addressing growing inequality a top policy priority following its new report revealing that income and wealth has become more concentrated in the hands of fewer people over the past two decades across the country.

Releasing its analysis, Inequality in Australia: A nation divided, ACOSS says that while inequality is not extreme in Australia by international comparison, we are trending in the wrong direction.

Read Full Statement here and more information here.

A new report released today by ACOSS shows that, by keeping most of the 2014 savings measures and delivering new cuts, the 2015 Budget would strip an estimated $15 billion over four years from basic services and supports, with total projected cuts of $80 billion from health and schools funding to the States over the next decade.

“Last year’s devastating Federal Budget casts a long shadow that undermines some advances made in this year’s Budget,” said ACOSS CEO Dr Cassandra Goldie.

Read Full Statement and Download Report.

ACOSS on Budget 2015: Better direction but lower income earners still doing the heavy lifting

Speaking at the release of the Federal Budget, ACOSS said it shows some improvements in strategy, with a fairer approach to pension reform and increased investment in child care. But the overall package retains many harsh cuts from last year’s Budget and will leave many people on the lowest incomes worse off. The Budget also fails to stimulate investment in jobs growth.

Read Full Statement here.

New childcare investment welcome, but overall package unfair

Responding to the announcement of the Federal Government’s ‘Jobs for Families’ package, ACOSS has welcomed the effort to simplify and strengthen the early childhood and education system but challenged the overall fairness of the package. “These changes to child care announced yesterday will deliver a simpler system and increased investment in early years education and care. This is welcome. However, the benefits of the package will not be fairly shared,” said ACOSS CEO Dr Cassandra Goldie.

Read Full Statement here.

Step in right direction on retirement incomes, more to be done

ACOSS has welcomed the Federal Government’s decision to drop its unfair proposal to cut the indexation of all pensions and instead tighten access to part-pensions for people with substantial assets. ACOSS is also calling for broader social security reform to improve adequacy and indexation of the lowest payments and for action to reduce the cost of superannuation tax breaks.

Read Full Statement here.

New Report calls for action on Negative Gearing and Capital Gains Tax

Thursday April 16, 2015: In a new report released today, ACOSS is calling for action to restrict tax deductions for negatively geared property investments and the 50% discount on Capital Gains Tax, that are together costing the Budget $7 billion a year and fuelling housing price booms.

The report, ‘Fuel on the fire: Negative gearing, Capital Gains Tax and housing affordability’, dispels the myths that negative gearing makes rental housing more affordable and that the benefits mainly go to ‘mum and dad’ investors on middle incomes.

Read Full Statement and Report here.