One Nation's Victorian tax cuts blow $4 billion hole in funding plan
One Nation's Victorian election platform would scrap $6 billion in savings through one tax cut alone, leaving policies unfunded.
One Nation is polling at 20 to 25 per cent for Victoria's November 28 election, promising to lower taxes and fix the state's finances. The party's main savings are $5.5 billion from scrapping the Suburban Rail Loop, $342 million from repealing Victoria's treaty with First Peoples, and $1 billion in public-sector wages.
One Nation's proposed savings total just under $6 billion. The party's three proposed tax cuts, scrapping land tax, raising the payroll tax threshold, and abolishing insurance stamp duty, would cost far more.
Insurance stamp duty alone generates $2.35 billion annually and $10 billion over the forward estimates. One Nation has published no independent costing for any of its policies and no response to critics who say the plan does not add up.
- 20 to 25 percent
- Polling support
- November 28
- Election date
- 10 billion over forward estimates
- Stamp duty revenue forecast
- Just under 6 billion
- Stated savings total
Why it mattersVoters need to know whether a party's election promises can actually be funded before deciding how to vote.
AustraliaVictorian voters are weighing One Nation as a possible government; this analysis affects whether they can trust the party's claims about balancing the state budget.
✓ Claims checked against the source. checked 1 h ago
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