Canavan Pushes for Income Splitting, Critics Warn of Costs

0:00From the streets of Sydney to the world, this is Sydney News Today. Queensland Senator Matt Kenevin has taken over as leader of the nationals and is calling for more Australian babies to boost the population. He's pushing hard for income splitting, a tax policy that lets couples divide their earnings so both pay lower rates as a family unit. Kenevin, a former economist, turned protectionist, has backed this idea for over 10 years. He says his strengthens parental bonds and offers real choices for raising kids, easing pressure on the childcare system. Reactions are mixed with some praising the flexibility for traditional families, while experts warn it could cost nearly $69 billion dollars. Over a decade, critics argue it favors higher income couples and might push lower earners often women to work less. Other coalition figures like Jane Hume show interest having pushed similar superannuations splits before. But professors and tax policy call it inefficient, saying it overtaxes dual income families

1:01and hearts back to single breadwinner days. As debates heat up, the party risks repeating past mistakes by ignoring modern working parents and single moms, potentially worsening their image on, family issues. This story is made possible by our sponsor, see the episode description, do not just fall asleep, drift into what you are listening to, S-O-L-I-S-O-L-Pillow.com.