Q4. The Federal Government recently announced changes to our tax system as a result of the Henry Report, which was a review of Australia’s taxation. Do you approve or disapprove of the following Government proposals?
|Total approve||Total disapprove||Strongly approve||Approve||Disapprove||Strongly disapprove||Don’t know|
|Higher taxes on the profits of large mining companies||52%||34%||14%||38%||19%||15%||14%|
|Increasing superannuation contributions from 9% to 12%||74%||17%||25%||49%||12%||5%||10%|
|Cutting company tax rates||54%||29%||10%||44%||23%||6%||18%|
|Increasing taxes on cigarettes and alcohol||63%||31%||33%||30%||15%||16%||6%|
There was majority approval of all recent changes to Australia’s taxation.
The most popular proposal was to increase superannuation contributions from 9% to 12% – 74% approved and 17% disapproved.
63% approved increasing taxes on cigarettes and alcohol.
More than half approved cutting company tax rates (54%) and higher taxes on the profits of large mining companies (52%).
78% of Labor voters approved higher taxes on mining company profits (11% disapprove) and 56% of Liberal/National voters disapproved (35% approve).
Increasing superannuation contributions received high support from both Labor (85%) and Liberal/National voters (72%). 61% of both Labor and Liberal/National voters supported cutting company tax rates. 63% of Labor voters and 69% of Liberal/National voters approved increasing taxes on cigarettes and alcohol. Comments »
Q. How concerned are you personally about each of the following economic issues facing Australia today?
The issues that most people are very concerned about include food prices and inflation generally (55%), jobs going overseas (49%) and executive salaries (48%). A significant number of people are very concerned about petrol and energy prices (45%) and affordability of housing (41%).
Coalition voters were more likely to be very concerned about food prices and inflation generally (60%), jobs going overseas (57%) and Government debt (54%). Labor voters were more likely to be very concerned about executive wages (54%) and improving wages for low income earners (32%).
Females were more likely than males to be very concerned on most issues, in particular food prices and inflation generally (66% v 45%), improving wages for low income earners (34% v 22%) and unemployment (33% v 25%).
Q. Between Liberal and Labor, which party do you think would be best at managing each of the following issues?
When it comes to which party is best at handling economic issues, Labor leads the Liberal party on managing the improvement of wages for low income earners (+17%), executive salaries (+9%) and the age pension (+9%).
Labor trails the Liberals in terms of managing government debt (-24%), followed by managing interest rates (-9%) and superannuation (-9%).
Perception of which party is best at managing the economic issues listed followed party lines.
Read Essential's ongoing research on the public response to Covid-19.Download this week's Report
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In this week's report:
- Coronavirus concerns
- Federal government response to Covid-19
- State government response to Covid-19
- Attitudes to latest Victorian restrictions (VICTORIA ONLY)
- Attitudes towards Queensland border closure
- State of the economy
- Indictors of whether the Australian economy is in a good or poor state
- State of the economy in next six months