TARGET30 is a campaign to reduce government spending from its current level of 35% of Gross Domestic Product (GDP) down to 30% within the next 10 years.
Why does Australia need TARGET30?
Having a smaller government will increase economic growth in Australia and strengthen social and family bonds, leading to better communities and better outcomes for all Australians. Without TARGET30, by 2050 government could be clawing more than 50% of the value of all goods and services produced in the economy.
What does TARGET30 involve?
TARGET30 is a campaign promoting the benefits of small government, supported by a series of research papers and companion activities, including public events. TARGET30 provides concrete plans and policy suggestions for reducing the size of government in key areas including welfare, education and health care.
The campaign focuses on ensuring that the crucial services Australians need are delivered efficiently and effectively by all levels of government while curbing the uncontrolled growth of inefficient spending.
19 June 2017 | RR29
The major bank levy was proposed in the 2017–18 Budget. The levy has numerous flaws including: The costs of the levy will likely be passed on as higher interest rates for mortgages and business loans, harming households and business investment which is very weak. The levy won’t materially change the…READ MORE
07 June 2016 | Research Report 15
View Interactive Snapshot The tax burden imposed by the Commonwealth Government alone, and by all Australian governments, is above its historical levels and forecast to go well above these averages. Similar results are obtained if the budget deficit is included to measure the long-run tax…
05 April 2016 | Research Report 12
Without any change in personal income tax rates or thresholds, the tax burden will increase substantially and many more taxpayers will face high marginal rates over the next few years. The adverse economic impact of personal income tax is already high and is set to…
01 March 2016 | Research Report 10
There has been a marked growth in pension cost and cohort. The percentage of people of retirement age has risen from less than 2% to almost 11% between 1911 and 2011, while the percentage of people receiving the pension has increased from around 30% to…
13 December 2015 | Research Report 8
View Interactive Snapshot Bracket creep occurs when taxpayers pay a higher tax rate as their incomes increase due to inflation and economic growth. The tax increase due to bracket creep is $6 billion this year and the annual cost will hit $17 billion in 2018-19.…
Submission to the Senate Economics References Committee Inquiry into Personal Choice and Community Impacts 2015
11 August 2015
The CIS submission into the Senate Economics References Committee Inquiry proposed two tightly targeted areas be changed: 1. That the Department of Health withdraw all financial support for the Health Star Rating system, including explanatory websites, public awareness campaigns, and studies of its effectiveness. 2. That the government…