Australia news live: two high-profile Liberals defect to One Nation; man dies after suspected balcony fall in Sydney’s west
The Australian political landscape is shifting as two prominent Liberal Party members defect to One Nation. Opposition leader Angus Taylor criticized Labor's tax indexing plan, claiming it could lead to a $250 billion budget deficit over ten years. In response, Treasurer Jim Chalmers labeled Taylor's budget proposals as irresponsible and warned of significant increases in national debt.
- ▪Two high-profile Liberals have defected to One Nation.
- ▪Angus Taylor criticized Labor's tax indexing plan on Sky News.
- ▪Jim Chalmers responded by calling Taylor's budget approach irresponsible.
Opening excerpt (first ~120 words) tap to expand
49s ago19.18 EDTThe opposition leader Angus Taylor was on Sky News this morning suggesting Labor’s plan to index tax thresholds might cost the budget as much as $250bn over a decade.Jim Chalmers, responding to Taylor’s comments on ABC’s Insiders, said Taylor’s proposed budget approach was “irresponsible”. double quotation markLast time we cut income taxes, Angus Taylor voted against it and said he would repeal it. Chalmers continued: double quotation markAngus Taylor would be adding a quarter of a trillion dollars to national debt. That would cost tens of billions of dollars in extra debt interest, because he’s got these uncosted, unfunded, tax announcements that he made in his Budget reply, which was all about trying to stave off One Nation. Share
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