Not exact matches
The peak industry group, which represents more than 60,000 businesses across manufacturing, engineering, telecommunications, mining, airlines and related sectors, will caution the Turnbull government against
large cuts but call for careful
spending reductions across aged care, health, the pension system and the
public service to fund a company tax
cut as a key priority.
The top line is this: the Conservative manifesto implies the
largest sustained
cut to departmental
public spending since the second world war.
Ed Miliband has suggested the party would put a
larger emphasis on greater taxation rather than
public spending cuts.
The election in 2015 is shaping up to be a desperate scramble for cash to fund
public spending after the Institute for Fiscal Studies warned that the next government would need to impose
large tax rises or even bigger welfare
cuts to protect health and education
spending.
While protecting charter schools, who proved to be among his
largest campaign donors, Malloy's new
spending plan actually includes a variety of significant
cuts to
public education programs including a $ 15 million
cut in the school transportation grant which will simply shift the burden for those costs onto local property taxpayers.
As I discussed in my last book, The Shock Doctrine, over the past four decades corporate interests have systematically exploited these various forms of crisis to ram through policies that enrich a small elite — by lifting regulations,
cutting social
spending, and forcing
large - scale privatizations of the
public sphere.