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Labor blasts Budget's $100bn 'missed opportunity'


Politics
by Matthew Killoran
Premium Content
Subscriber only
Debt will burden Australians for generations in a $100 billion missed opportunity , Opposition treasury spokesman Jim Chalmers will say on Wednesday.
Tax cuts are also shaping up to be a big election issue, with Mr Chalmers accusing the government of baking in concessions for high-come earners through its planned stage 3 tax cuts.
Speaking at the National Press Club on Wednesday, Mr Chalmers will say the delayed vaccine rollout was holding the country s recovery to ransom.
 
He said that while the federal budget, released last week, increased spending by almost $100 billion, there would not be long-term economic benefits from it. ....

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Today's headlines: Light rail battle, intense beach rescue


WEATHER REPORT AND TIDES
The possibility of rain reaching the Coast today has increased as the weather bureau predicts a 50 per cent chance of showers. The rainy skies are expected to stick around in the late morning and afternoon. Nambour and Noosa Heads will reach the highest temperature in the region with 24C, while Maroochydore and Caloundra hit 23C and Maleny 21C.
Low tide was at 2.47am at 0.29m and high tide will be at 8.40am at 1.75m. The next low tide is scheduled for 2.48pm at 0.13m and high tide will reach 2.10m at 9.20pm.
TRAFFIC
TOP FIVE LOCAL NEWS STORIES ....

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Here's why the Coalition favours optional preferential voting: it would devastate Labor


Could a change be afoot in the way Australians vote in federal elections?
The Coalition government may be eyeing a shift to optional preferential voting as used in New South Wales which allows voters to simply vote “1” or allocate only a partial list of preferences on their ballot, instead of a full ordering of preferences for every candidate.
The proposal was included in a series of potentially revolutionary changes to our electoral system that were quietly released by a parliamentary committee in December, when few people were paying attention.
The joint standing committee on electoral matters claimed a shift to optional preferential voting would help address rising rates of “informal voting” in NSW caused by the differences between the state and federal systems. The reason: a valid vote at the state level with less than a full list of preferences would be invalid if repeated at a federal election. ....

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