On one hand, we’re still able to forecast a surplus. On the other, conditions are deteriorating. Treasurer Frydenberg and Finance Minister Cormann deliver the news. Lukas Coch/AAP

5 things MYEFO tells us about the economy and the nation’s finances

MYEFO contains a long-overdue admission: that low wage growth is the new normal. It’ll take extraordinary spending restraint to make the surplus forecasts stick.
Unless we know who who Newstart recipients are, we are likely to make wrong decisions about how much to pay them and whether to drug test them. Shutterstock

5 charts on what a Newstart recipient really looks like

A typical Newstart recipient is middle-aged, female, and more likely than most to live outside of a major city.
To start with each side offers a “lamington” (Low and Middle Income Tax offset), then the differences get serious. Shutterstock/Grattan Institute

Your income tax questions answered in three easy charts: Labor and Coalition proposals side by side

After some years the Coalition’s proposals would cost $40 billion per year more than Labor’s, but by then Labor will have probably cut tax further too.
Released political donations data found nearly 90% of declared donations to the Tassie Liberals were from gambling groups. Paul Jeffers/AAP

Tasmania’s gambling election shows Australia needs tougher rules on money in politics

Today the Commonwealth has released data on political donations. It shows high levels of donations from the gambling industry to political parties.
Transparency isn’t a silver bullet, but increasing it would go some way to changing the secrecy around who has access – and how much – to the government of the day. AAP/Lukas Coch

Influence in Australian politics needs an urgent overhaul – here’s how to do it

A new report from Grattan Institute argues the secrecy and inequality surrounding who has “say” and “sway” in Canberra can be remedied – if politicians can just find the will to do it.
Each year the government runs a A$40 billion deficit, it increases the lifetime tax burden for households headed by a person aged 25 to 34 by A$10,000. Lukas Coch/AAP

Young Australians will wear the costs of Turnbull’s middle income tax cut

Unless the government is willing to increase taxes elsewhere to pay for tax cuts there will be longer-term costs for the budget and the economy. And younger Australians will wear these costs.
Conservative politicians in Australia push the ‘outsider politics’ theory to bring disenchanted voters back into the tent. Regi Varghese/AAP

Same‑sex marriage results crush the idea that Australian voters crave conservatism

The ‘yes’ vote disproves that the rise of the minor party vote is the result of a cultural backlash from people who reject the progressive agenda, including the expansion of rights for minorities.

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