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ABC News Daily
Laura Tingle on the year in politics
Dec 15, 2024
Laura Tingle, 7.30's chief political correspondent, dives deep into the challenges facing Anthony Albanese's government as 2024 unfolds. She assesses the ineffectiveness of recent tax cuts and energy subsidies amid rising costs of living. With an eye on the upcoming 2025 election, Tingle discusses the implications of political optics on voter perception and the strategies the government and opposition, particularly Peter Dutton, may employ. The conversation sheds light on the evolving dynamics of Australian politics and the critical decisions ahead.
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Quick takeaways
- The Albanese government has struggled to relieve cost of living pressures through targeted tax cuts and energy subsidies, yielding limited results.
- Political optics and public sentiment are crucial for both Albanese and the opposition as they prepare for the upcoming election in 2025.
Deep dives
Economic Challenges and Responses
The economy and cost of living emerged as dominant issues facing the government, with particular strain felt by lower-income demographics. While job security remains relatively strong, many individuals, especially those paying mortgages or relying on fixed incomes, struggle significantly with rising prices. The government attempted to alleviate some burdens by reallocating tax cuts intended for higher earners to lower-income groups and implementing energy subsidies, yet these efforts have not translated into noticeable financial relief for most citizens. Consequently, despite managing some budget surpluses, the economic landscape is anticipated to worsen, potentially impacting voter sentiment as the election approaches.
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