Tax Cuts
If you are confused by debate over company tax cuts don’t feel alone. The chap miffed he won’t be guardian-in-chief of the $73 billion Future Fund also is unsure of his way on the issue.
“Well look Chris, I’m in favour of lower company taxes … ” former Treasurer Peter Costello told Chris Uhlman on the ABC’s 7.30 last week.
“But the price … if the price of cutting taxes is to impose a carbon tax - in other words to impose a huge, mammoth new tax of which you give back a very small amount - frankly I’d rather they do nothing.” Familiar sentiment; wrong “tax”.
Continue reading "The taxing business of the politics of tax" »
What will Labor come up with next? What grab bag of goodies will be used to distract voters from the futility and expense of Labor’s great big carbon tax?
What political stunts wait in store for us? It’s remarkable how Federal Labor are looking more and more like NSW Labor everyday – desperate, directionless and laughable.
Across the weekend we had Julia Gillard declaring tax cuts were now a “live option” after Labor’s economic guru Ross Garnaut helpfully intervened. Honestly, can she lead from any further behind on this issue?
Continue reading "Labor’s tax cuts just bread and circuses" »
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DaveinPerth says:
Sophie’s family must have been so proud of that photo of her standing next to Bronnie and Tony. Family values. It’s what the Libs are about. Read more »
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JRM says:
The tax on carbon will do everything. I reckon no more car crashes, and no more footy upsets. And will save the whale and stop earthquakes surely. It’s a great thing. Read more »
With the beginning of the new financial year there are invariably small changes to our lives.
Many of these revolve around money. Things like tax cuts, rate changes and increases in family allowance benefits.
The middle of the year also gives us time for more personal reflection: it’s July and I still haven’t taken the bottles from my April birthday party to the recycling bin – just a random example.
But here is a list of ways that things have changed today and The Punch’s evaluation of whether we’re better off for it.
1. Crappy tax cuts introduced
Kevin Rudd committed to these tax cuts before the last election and now has to go through with them.
The promise was made in the heady days of economic boom time when we enjoyed daily joy rides in limousines with Paris Hilton and wore extinct animals on our heads. Now we’re dressing in possums and the best celebrity we can muster is Kochie giving some sage financial advice: “Here’s one folks, ever thought of knitting your dinner?”
Continue reading "For better or for worse: 10 things that changed today" »
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The dingo says:
I was full of hope that the election of the new labor government would not only see the death of Howards work choices but also the birth of a new era of more equatable bargining legislation. Sadly all the hype and spin that labor used to get over the line… Read more »
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Barry McIntosh says:
I can only dream for the new financial year :- Politicians who actually answer questions in Question Time Kevin Rudd begins to listen instead of dictate Ms Wong actally finds some water Retired politicians lose their Gold card travel Government stops making plans for 2050 and worry about now Fixed… Read more »
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