Originally Posted by
Blue Skies
Indexing Benefits to inflation rather than wages is projected to save the govt $2 Billion over 5 years as inflation comes down while wages go up ahead of inflation.
National plan to transfer that to landlords with policy adjustments which will cost $2 Billion in the form of bringing back tax deductibility on rentals giving the 300 landlords who own more than 20 properties $1.3 Million each & others with fewer properties the balance of the $2 Billion.
Beneficiaries will be $17,000 worse off over 5 years & Superannuanants (who are also classified as Beneficiaries under the Act ) were given an exclusion as they nearly all vote & are a core constituency of the National Party, whereas far fewer other beneficiaries vote.
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