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- 2008_Australian_federal_budget abstract "The 2008 to 2009 budget was released on 13 May 2008, with a particular emphasis on family welfare (expansive tax cuts and a lift in the threshold of the Medicare levy surcharge) and capital investment (national accreditation) funds, the Federal Treasurer Wayne Swan selling it to the House of Representatives as "a A$55 billion Working Families Support Package" that "strengthens Australia's economic foundations, and delivers for working families under pressure" from increasingly high interest rates. Total spending was cut, following on from gradual cuts of nearly 2% of GDP over the decade of the Howard government. Changes to taxation prompted then Shadow Treasurer Malcolm Turnbull to claim the increased taxation will contribute to inflation, but Swan argued that the tax will affect only high income-earners, dispelling any "custodian" line of attack. Heavy spending by the states had been inefficient at managing past underinvestment on infrastructure, and "the conduct of expansionary monetary policies will be less complicated" as a result of the new reform agenda to avoid (supply-side) case-mix funding of the health care and vocational training sectors of the economy.A new $3 billion tax increase on alcopop drinks was designed to slow down a projected increase (from the Federal Health Minister, Nicola Roxon, tabling Treasury advice) in alcopop sales by 43 million bottles, curtailing binge drinking. However, the opposition described the increase as merely a revenue raiser, with Shadow Health Minister Joe Hockey arguing that consumers of alcopop will switch to other drinks, such as champagne, and binge drinking will not decrease. In response, the Prime Minister told Federal Parliament that the tax increase had wide support in medical and alcohol support services. Opposition Leader Brendan Nelson counter-offered with a $1.8 billion petrol tax cut, reversing years of policy opposing lowering petrol taxes. The Opposition pledged to block the alcopop tax in the Senate, which it will control until July 2008, and has also pledged to block a move to remove a surcharge tax trap for people who fail to take out health cover, which, it claims, will drive up insurance premiums and steer people away from private healthcare.An increase to the luxury car tax was defeated in the Senate, with Steve Fielding of Family First joining the coalition in blocking the budget legislation. It had been supported by the government, the Australian Greens, and independent Nick Xenophon. It was later passed by all non-coalition Senators after amendments were made.".
- 2008_Australian_federal_budget thumbnail Australian_Coat_of_Arms.png?width=300.
- 2008_Australian_federal_budget wikiPageExternalLink overview_39.htm.
- 2008_Australian_federal_budget wikiPageID "18807931".
- 2008_Australian_federal_budget wikiPageRevisionID "598129739".
- 2008_Australian_federal_budget below "‡Numbers in italics are projections.".
- 2008_Australian_federal_budget country "Australia".
- 2008_Australian_federal_budget dateSubmitted "2008-05-13".
- 2008_Australian_federal_budget deficit "A$27.079 billion".
- 2008_Australian_federal_budget hasPhotoCollection 2008_Australian_federal_budget.
- 2008_Australian_federal_budget imagesize "250".
- 2008_Australian_federal_budget nextBudget "2009".
- 2008_Australian_federal_budget nextYear "2009".
- 2008_Australian_federal_budget parliament "42".
- 2008_Australian_federal_budget party Australian_Labor_Party.
- 2008_Australian_federal_budget previousBudget "2007".
- 2008_Australian_federal_budget previousYear "2007".
- 2008_Australian_federal_budget submittedTo Parliament_of_Australia.
- 2008_Australian_federal_budget title "Australian federal budget".
- 2008_Australian_federal_budget totalExpenditures "A$316.046 billion".
- 2008_Australian_federal_budget totalRevenue "A$292.600 billion".
- 2008_Australian_federal_budget treasurer Wayne_Swan.
- 2008_Australian_federal_budget url "http://www.budget.gov.au/2010-11/content/overview/html/overview_39.htm Australian Budget Historical Records".
- 2008_Australian_federal_budget year "2008".
- 2008_Australian_federal_budget subject Category:2008_in_Australia.
- 2008_Australian_federal_budget subject Category:Australian_Labor_Party.
- 2008_Australian_federal_budget subject Category:Australian_budgets.
- 2008_Australian_federal_budget subject Category:Rudd_Government.
- 2008_Australian_federal_budget comment "The 2008 to 2009 budget was released on 13 May 2008, with a particular emphasis on family welfare (expansive tax cuts and a lift in the threshold of the Medicare levy surcharge) and capital investment (national accreditation) funds, the Federal Treasurer Wayne Swan selling it to the House of Representatives as "a A$55 billion Working Families Support Package" that "strengthens Australia's economic foundations, and delivers for working families under pressure" from increasingly high interest rates. ".
- 2008_Australian_federal_budget label "2008 Australian federal budget".
- 2008_Australian_federal_budget sameAs m.04gkzh6.
- 2008_Australian_federal_budget sameAs Q4610555.
- 2008_Australian_federal_budget sameAs Q4610555.
- 2008_Australian_federal_budget wasDerivedFrom 2008_Australian_federal_budget?oldid=598129739.
- 2008_Australian_federal_budget depiction Australian_Coat_of_Arms.png.
- 2008_Australian_federal_budget isPrimaryTopicOf 2008_Australian_federal_budget.