Government financial actions

Oct 14, 2014

Q. The government is considering savings and taxing options to pay for the war in Iraq, lower commodity prices and its inability to pass savings from its May budget this year. Would you approve or disapprove of the following actions it might take?

 

Total approve

Total dis-approve

 

Strongly approve

Approve

Dis-approve

Strongly dis-approve

Don’t know

Higher corporate tax

68%

22%

26%

42%

15%

7%

10%

Abandon its paid parental leave scheme

56%

31%

31%

25%

17%

14%

12%

Cuts to tax concessions in areas like superannuation

21%

67%

4%

17%

33%

34%

13%

Higher income taxes

21%

69%

5%

16%

31%

38%

10%

Cuts to social services, health or education

12%

81%

2%

10%

26%

55%

7%

A majority approve of higher corporate tax (68%) and abandoning the paid parental leave scheme (56%) to pay for the war in Iraq, lower commodity prices and the Government’s inability to pass savings from its May budget this year.

A majority would disapprove of cuts to social services, health or education (81%), higher income taxes (69%) and cuts to tax concessions in areas like superannuation (67%).

Budget surplus

Nov 26, 2012

Q. In order to keep to their commitment to return to surplus in 2012-13, which measures should the Government take?

 

Total

 

Vote Labor

Vote Lib/Nat

Vote Greens

Increase taxes for big corporations

59%

70%

51%

65%

Reduce tax breaks for high income earners

46%

51%

41%

62%

Cut “middle class welfare” such as the Baby Bonus, first home buyers grant and Family Tax Benefit payments

43%

42%

48%

52%

Reduce defence spending

38%

40%

33%

70%

Postpone building the NBN

27%

18%

42%

14%

Cut spending on unemployment and disability benefits

26%

20%

36%

17%

Postpone other infrastructure projects like new roads and highways

12%

12%

13%

12%

Measures most supported by respondents in order to keep the commitment to the 2012-13 budget surplus are increasing taxes for big corporations (59%), reducing tax breaks for high income earners (46%) and cutting ‘middle class welfare’ (43%).

Looking at the results by voting intention, the majority of Lib/Nat voters support increasing taxes for big corporations (51%).  Labor voters are most in favour of increasing taxes for big corporations (70%) and reducing tax breaks for high income earners (51%).  Greens voters are most inclined to support reducing defence spending (70%) and increasing taxes for big corporations (65%).

Will the Budget solve our two speed economy?

May 15, 2012


Paul Bastian welcomes the tax on mining profits and the Government’s continued commitment to manufacturing.

It’s no secret that the mining boom has pushed the dollar sky high and caused problems for manufacturers. But Paul Bastian believes the Government is right to be investing in the future and promoting maths and science.

He tells 3Q that innovation in manufacturing is the key to the future and it must be protected at all costs.

Interest in Federal Budget

May 14, 2012

Q. Thinking about the Federal Budget – how much attention did you pay to this week’s Federal Budget?

 

2009

2010

2011

2012

Total a lot/some

66%

53%

52%

54%

Total a little/none

31%

44%

45%

43%

A lot

29%

18%

19%

20%

Some

37%

35%

33%

34%

A little

25%

29%

31%

31%

None

6%

15%

14%

12%

Can’t say

3%

3%

2%

3%

Just over half (54%) of respondents said they paid a lot or some attention to the Federal Budget. This is much the same as the corresponding figure of 52% for last year’s budget.

Those most interested were Liberal/National voters (61%), Labor voters (59%) and people aged 55+ (64%). Only 42% of respondents aged 18-34 paid a lot or some attention to the budget.

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Impact of Budget

May 14, 2012

Q. Do you think the Federal Budget was good or bad for you personally?

Q. Do you think the Federal Budget was good or bad for average working people?

Q. Do you think the Federal Budget was good or bad for Australian businesses?

Q. Do you think the Federal Budget was good or bad for the Australian economy overall?

 

You personally

Working people

Australian businesses

Economy overall

 

2010

2011

2012

2012

2010

2011

2012

2010

2011

2012

Total good

22%

11%

17%

31%

27%

20%

10%

36%

27%

26%

Total bad

26%

29%

26%

24%

32%

25%

43%

28%

29%

32%

Very good

3%

2%

2%

4%

3%

3%

1%

6%

4%

4%

Good

19%

9%

15%

27%

24%

17%

9%

30%

23%

22%

Neither good nor bad

33%

44%

44%

33%

9%

31%

29%

10%

25%

25%

Bad

18%

21%

17%

19%

22%

19%

28%

18%

21%

21%

Very bad

8%

8%

9%

5%

10%

6%

15%

10%

8%

11%

Don’t know

20%

16%

12%

12%

31%

23%

18%

26%

20%

17%

In terms of the economy overall there was a similar response to the 2012 budget compared to last year’s. 26% (down 1%) thought the economy was good for the economy and 32% (up 3%) thought it was bad.

44% of respondents thought the Federal budget was neither good nor bad for them personally – 17% (up 6%) said it was good and 26% (down 3%) bad. 28% of respondents aged 35-44 thought it was good for them while 38% of those aged 55+ thought it was bad.

31% thought it was good for working people and 24% thought it was bad. 35% of part-time workers thought it was good for working people.

43% (up 18%) thought the budget was bad for business, 10% (down 10%) good and 29% said it was neither.

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Approval of Budget Items

May 14, 2012

Q. Do you approve or disapprove of the following parts of the Federal budget?

 

Total approve

Total disapprove

Strongly approve

Approve

Disapprove

Strongly disapprove

Don’t know

Reduced spending on defence

48%

43%

14%

34%

28%

15%

10%

Increased spending on dental health

87%

8%

30%

57%

7%

1%

6%

Bonus payments to low-income families with children at school

60%

33%

16%

44%

20%

13%

7%

Returning the budget to surplus

61%

26%

15%

46%

19%

7%

14%

Tightening eligibility for parenting payments for single mothers

65%

25%

26%

39%

17%

8%

10%

Increasing tax on super contributions for people on high incomes

60%

31%

28%

32%

20%

11%

9%

Respondents were divided on reduced defence spending – 48% approved and 43% disapproved. Support for reduced defence spending was highest among those aged 18-34 (57%).

On all other items measured there was quite strong approval – in particular on increased spending on dental health (87%). Other items received at least 60% support – including 61% approval of returning the budget to surplus. 71% of Labor voters and 58% of Liberal/National voters approved the return to surplus.

Increasing tax on super contributions for people on high incomes was approved by 52% of those on incomes of $1,600+ pw and disapproved by 40%.

Comments »

Trust Most to Handle Economy

May 14, 2012

Q. Who would you trust most to handle Australia’s economy – the Treasurer Wayne Swan or the Shadow Treasurer Joe Hockey?

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

Wayne Swan

34%

77%

6%

51%

Joe Hockey

33%

5%

65%

6%

Don’t know

33%

18%

29%

43%

34% would trust Wayne Swan most to handle the economy and 33% would trust Joe Hockey most. 33% could not give an opinion.

Those aged under 35 trust Wayne Swan more (32%/21%) and those aged 55+ trust Joe Hockey more (47%/31%).

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Reason for Budget Deficit

Apr 10, 2012

Q. The Federal Government is currently running a budget deficit, but intends to return to surplus with the budget for 2012-13 to be announced next month. Which of the following do you think has been most responsible for the deficit over the last few years?

 

Total 11/4/11

Total 10/4/12

Vote Labor

Vote Lib/Nat

Vote Greens

Poor economic management by the Government

23%

28%

7%

48%

7%

Big companies not paying their fair share of taxes

17%

16%

28%

5%

28%

Lower tax revenues because of the Global Financial Crisis

13%

16%

27%

10%

22%

Spending on big projects like the National Broadband Network

14%

15%

14%

17%

10%

The cost of the Government’s GFC stimulus packages

19%

12%

11%

13%

15%

Don’t know

15%

14%

13%

8%

18%

Overall, respondents believe the main reasons for the budget deficit are poor economic management by the Government (28%), big companies not paying their fair share of taxes (16%) and lower tax revenues because of the Global Financial Crisis (16%).

Since this question was asked 12 months ago, those blaming the Government for poor economic management has increased from 23% to 28% and those blaming the cost of the Government’s GFC stimulus packages has declined from 19% to 12%.

Labor voters were most likely to blame big companies not paying their fair share of taxes (28%) and lower tax revenues because of the GFC (27%) while Liberal/National voters blame poor economic management by the Government (48%). Greens voters tended to blame big companies not paying their fair share of taxes (28%).

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