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Taylor's Budget: Migration Cap, Welfare Cuts, Tax Indexing
Description
Angus Taylors budget reply proposes significant changes, including linking net overseas migration to new homes built and limiting welfare for permanent residents. He also suggests indexing tax brackets to inflation from 2028 to combat bracket creep. However, the migration cap faces criticism for ignoring household sizes and the need for overseas workers in certain industries. The welfare cuts are met with opposition, with critics labeling them as mean and unfair. Taylors tax indexation plan could cost the budget billions, setting the stage for a tax reform showdown in the next election.
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