Preferred spending cuts

May 22, 2018

Q. Would you support or oppose the following measures to cut Government spending?

  Total support Total oppose   Strongly support Support Oppose Strongly oppose Don’t know
Not providing company tax cuts for large business 60% 22%   26% 34% 15% 7% 18%
Tightening negative gearing and capital gains tax concession for investors 50% 24%   18% 32% 16% 8% 25%
Preventing income splitting in family trusts 42% 22%   14% 28% 16% 6% 35%
Limiting tax credits on investments to people who pay tax 42% 27%   12% 30% 18% 9% 32%
Cutting spending on government agencies like ASIC 36% 39%   11% 25% 26% 13% 24%
Cutting spending on the ABC 35% 45%   14% 21% 23% 22% 20%

 

There was majority support for not providing tax cuts for large business (60%) and for tightening negative gearing and tax concessions for investors (50%). Respondents were also more likely to support preventing income splitting in family trusts (42% support/22% oppose) and limiting tax credits on investments to people who pay tax (42%/27%).

They were split on cutting spending on government agencies like ASIC (36%/39%) and more likely to oppose cutting spending on the ABC (35%/45%).

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