Chalmers grilled on spending ahead of expected rate rise‘Do you concede that government spending is contributing to our inflation crisis?’4 min read

7NEWS

Sep 29

The Treasurer has been grilled over government’s hand in inflation, ahead of an expected rate rise later on Tuesday.Jim Chalmers took partial responsibility for inflation on the chin, but made a push ...

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Credit: Sunrise“If you wanna make comparisons to other countries, you’ve gotta make the full comparison,” Chalmers said.“We’ve got stronger economic growth that almost every other major advanced economy, stronger jobs growth ... much, much lower debt than the major advanced economies.”Barr insisted that regardless of the numbers, people are still feeling the pinch.“People don’t feel that though. I can promise you that. People on the text line are saying of all the figures, that’s great, but at the kitchen table, this is my problem,” Barr said.Chalmers shared his understanding of the situation for people trying to by day-to-day, and said he gets the same feedback when he engages with his own community.“We know that when interest rates go up, that adds to the pressure that people feel already,” Chalmers said.A look back for ‘perspective’Barr pushed on as Chalmers offered messaging about party savings and what policies they have allowed, noting the strengthening of Medicare, and the expansion to bulk-billing.“You are on target to become the highest taxing Treasurer in Australian history, that’s what people are feeling,” Barr said.Chalmers stressed that Labor is cutting taxes despite opponent threats to appeal the cuts, and compared his current tax policies to those of the nation’s longest serving Treasurer.“Our tax levels are lower than they were under Peter Costello,” Chalmers said, pointing to the former Deputy Leader of the Liberal Party and Treasurer from 1996 to 2007.“A lot of people on the other side of politics point to Peter Costello as a model, he had higher taxes in his budgets than I have in mine. “I think that’s an important piece of perspective.”Ex-cop’s alleged chilling conversation months before killings3 min readSpaceX rocket blasts off in orbital debut despite engine scare4 min read","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}