Taxpayers give $2.7b to rich families in childcare, parental leave (opens original article in a new tab)

Australian taxpayers will allocate $2.7 billion in childcare and parental leave benefits to high-income families next financial year, according to a policy analysis, while the government's universal childcare initiative may cost over $5.5 billion annually.

• Australian taxpayers will pay $2.7 billion in parental leave and childcare subsidies to families earning over $300,000 next year
• Policy Institute Australia analysis shows this represents a significant portion of welfare spending
• Prime Minister's universal childcare plan could cost over $5.5 billion annually