Tag: Chalmers

ALP Government,

Fake Reform: Jim Chalmers’ itsy-bitsy tax “hit” is a gift for foreign fossil fuel giants – Michael West

Jim Chalmers’ long-awaited tweaks to the PRRT are the itsy-bitsyest “reforms” about, the equivalent of recycling old Christmas presents with a fancy new bow. Michael West reports on how the Treasurer is merely returning a couple of billion in gas sector subsidies, and only for a while.

“Chalmers slaps $2.4bn tax hit on oil and gas,” cried Murdoch’s The Australian. “$2.4bn gas tax hit on energy giants,” declared the AFR. Santos chief Kevin Gallagher was nowhere to be heard with his “Soviet-style” scaremongering. Is Australia still going the way of Venezuela and Nigeria, Kevin?

Source: Fake Reform: Jim Chalmers’ itsy-bitsy tax “hit” is a gift for foreign fossil fuel giants – Michael West

Capitalism

Jim Chalmers manifesto in favour of values-based capitalism – Pearls and Irritations

Treasurer Jim Chalmers at a press conference at Parliament House in Canberra, Wednesday, January 25, 2023. Image: AAP / Mick Tsikas

Given the LNP’s approach “do nothing” privatise the market Chalmers can’t be all wrong if we judge the LNP did a fantastic job these past 10 years for the country. Nope Nope Nope brought them to government, through government and still echoes in opposition. Abbott never really left the LNP or the Monkey Pod Room. However isn’t Value Based Capitalism a partnership that has never really worked?

Thus, instead of the neo-liberal model that relies purely on market prices to determine the allocation of resources, with no interference by the state, Chalmers argues persuasively that his “values-based capitalism”, based on “well-designed and well-informed markets, can “facilitate flows of capital into priority areas, and ultimately make progress on our collective problems and purpose.”

Source: Jim Chalmers manifesto in favour of values-based capitalism – Pearls and Irritations

ALP Government,

Jim Chalmers’ ‘restraint’ budget the first stage of a marathon for the treasurer

Jim Chalmers’ inaugural budget plants its feet as solidly as possible in the shifting sands of difficult and unpredictable international and local conditions.

Chalmers promised the budget would be “workmanlike”, not “flashy”, and he’s kept his word. Almost all of it had been pre-issued by the government, including measures and numbers.

Source: Jim Chalmers’ ‘restraint’ budget the first stage of a marathon for the treasurer

Informed Comment

‘He’s just lied to you’: Frydenberg, Chalmers in fiery election clash

Labor’s Jim Chalmers has accused Treasurer Josh Frydenberg of lying as the pair clashed in a debate on Wednesday. “The Treasurer has just lied to you,” a fired-up Dr Chalmers said after Mr Frydenberg said Labor would “always tax more” than a Liberal government. “In every way that you measure tax in the budget, this government has taxed more than the last Labor government – that’s just a fact,” he said.

Source: ‘He’s just lied to you’: Frydenberg, Chalmers in fiery election clash