Kick em when they're down: Low income earners hit by budget
LOW-INCOME earners will pay more than half the burden of the Abbott Government's budget cuts, new analysis quantifying the impact of the budget savings shows.
The analysis, released by the Australian Council of Social Services on Thursday, showed low-income earners would carry 52% of the budget cuts burden.
ACOSS chief executive Dr Cassandra Goldie said the analysis brought home the "harsh truth" that the focus on spending cuts would "be socially harmful and cost our nation more in the long run".
The analysis disputes Treasurer Joe Hockey's repeated claims that the burden of repairing the budget would be shared across all levels of Australian society.
"The burden of restoring the budget will not be fairly shared," Dr Goldie said.
"Over the next four years, people and families living on low incomes will be expected to contribute over half the savings in the budget, compared with less than one sixth coming from people on high incomes.
"More than $19 billion out of $37 billion in budget savings in key programs and services over the next four years will come from reductions in spending on programs that mainly assist low- and middle-income earners.
"Only $5.7 billion are tax increases or savings in programs mainly benefiting people on high incomes."
The analysis follows protests in most capital cities across the country responding to the budget, with Prime Minister Tony Abbott on Wednesday cancelling a trip to a Melbourne university citing "safety concerns".