Michael is joined by Ross Gittins, Economics Editor with The Sydney Morning Herald, to discuss his pessimism that the likelihood of the aged care royal commission’s report leading to much better treatment of our elderly has faded.

 

‘Within a day or two, Scott Morrison and his Treasurer, Josh Frydenberg, made it known they had “little appetite” for the commission’s plan to use an “aged care improvement levy” of 1 per cent of taxable income to cover the considerable cost of the reforms it proposed,’ writes Mr Gittins.

 

‘Morrison wants to be seen as delivering lower – not higher – taxes. I suspect the pair have realised that announcing an increase in tax on all income earners wouldn’t fit well with the costly third stage of their tax cuts, due in 2024, which will go mainly to high income-earners.’

Michael is joined by Ross Gittins, Economics Editor with The Sydney Morning Herald, to discuss his pessimism that the likelihood of the aged care royal commission&rsquo;s report leading to much better treatment of our elderly has faded.
&nbsp;
&lsquo;Within a day or two, Scott Morrison and his Treasurer, Josh Frydenberg, made it known they had &ldquo;little appetite&rdquo; for the commission&rsquo;s plan to use an &ldquo;aged care improvement levy&rdquo; of 1 per cent of taxable income to cover the considerable cost of the reforms it proposed,&rsquo; writes Mr Gittins.
&nbsp;
&lsquo;Morrison wants to be seen as delivering lower &ndash; not higher &ndash; taxes. I suspect the pair have realised that announcing an increase in tax on all income earners wouldn&rsquo;t fit well with the costly third stage of their tax cuts, due in 2024, which will go mainly to high income-earners.&rsquo;

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.

Wake Up Australia, 4am - 9:30am weekdays.

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.
Wake Up Australia, 4am - 9:30am weekdays.

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