Prime Minister Malcolm Turnbull and Opposition Leader Bill Shorten are geared to give it their best in their electoral campaigns for the federal election 2016.
With the July 2 elections just around the corner, both leaders are competing to convince the public to vote in favour of them. The Newspoll and Ipsos results of the survey conducted by The Australian and Fairfax Media respectively indicated the tight competition between both parties.
According to Independent Australia, both leaders have their own approach towards issues like gun laws, same-sex marriage, and law and justice in the federal election of 2016. However, there are other policies that need due consideration. Hence, Turnbull and Shorten will tend to focus on the following five major issues that are raising public concerns these days.
As far as funding education plans are concerned, Labor has promised to offer a full six-year Gonski plan worth $4.5 billion in 2018-19 and $37 billion in the coming 10 years. On the other hand, the Coalition said it would fund Gonski for the first four years and will offer an added amount worth $1.2 billion for schools over 2018-20 along with providing better teacher training programmes and improved curriculum.
For health funding, the states and territories have agreed to offer extra $2.9 billion for public hospitals for three years starting July 2017. Labor, however, said health schemes need more investment but it has not yet revealed its expenditure plans.
Real estate schemes
With negative gearing policies put forth by the Labor, property investors making losses will be allowed to reduce tax bills to be paid on other incomes they earn. On the other hand, the ABC reported that the Coalition has confirmed that it would not implement the negative gearing policies completely as it would lead to declining home values.
Turnbull government’s budget proposed tax cuts for all companies to 25 percent by 2026-27. The companies with turnovers of less than $10 million would have to pay a 27.5 percent tax from July. Labor supported the latter scheme, demanded the annual turnover limit be kept to $2 million, but it did not favour other tax cut plans.
Shorten’s party promised to reach a target of 50 percent until 2030 as far as renewable energy is concerned while the Coalition felt that the Labor approach will increase the cost of electricity.
The coalition has advocated the re-establishment of Howard government’s Australian Building and Construction Commission, saying it would contribute in retaining lawfulness in the sector while Labor opposed the notion. According to the opposition party as stated by ABC, it might take away the liberty of some like construction workers who may even have fewer rights than accused criminals.