SOME CUTTING REMARKS As the Morrison government eyes bringing forward tax cuts for high income earners in the October 6 budget, the ABC reports that former Reserve Bank governor Bernie Fraser and former secretary of the Department of Prime Minister and Cabinet Michael Keating have joined an ad campaign from The Australia Institute in denouncing the move as a largely pointless form of stimulus. Elsewhere, a Grattan Institute report leaked to The Guardian ahead of a November release suggests that Scott Morrison’s “gas led recovery” would benefit fewer than 1% of Australian manufacturing jobs currently in gas-intensive industries; for context, two-thirds of the gas used in manufacturing is consumed by 15 facilities that together employ just over 10,000 people. Relatedly, The Sydney Morning Herald reports that Energy Minister Angus Taylor will use a speech at the National Press Club on Tuesday to unveil an update on the Morrison government’s “technology roadmap”, which reportedly embraces hydrogen as a new export but again leans into (widely discredited) carbon capture and storage systems to develop the fuel from gas and/or coal. Finally, with the government determined to slash JobSeeker and JobKeeper payments despite the economic and social impact, The Australian ($) reports that Morrison is considering wage incentives for businesses to take on extra workers as part of the October 6 budget. PS: The government’s public standing is, as far as opinion polls go, holding strong, with the latest Newspoll ($) putting the Coalition back in front of Labor 51-49. |