Australia news live: Queensland Labor ahead in Stafford byelection despite large swing
Summary
Labor is ahead in the Stafford byelection, although a large swing occurred. The Liberal National Party (LNP) has conceded the seat to Labor. In related federal politics, Treasurer Jim Chalmers and opposition leader Angus Taylor discussed tax reforms and budget plans with disagreements over costs and savings.Key Facts
- Labor is ahead in the Queensland Stafford byelection.
- The LNP has conceded the seat to Labor.
- Treasurer Jim Chalmers described recent tax reform changes as “broadly neutral” over 10 years.
- Chalmers said tax increases from negative gearing and capital gains changes are balanced by tax cuts, especially for small businesses.
- Opposition leader Angus Taylor claims billions of dollars could be saved by stripping welfare from non-citizens, including permanent residents.
- Taylor did not reveal exact savings or the details of immigration target cuts but suggested immigration numbers would link to new housing built.
- Taylor estimated his tax threshold indexing plan could cost the budget up to $250 billion over 10 years.
- Chalmers called Taylor’s budget approach irresponsible, saying it could add to national debt and increase interest costs.
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