What? Is Abbott doing the full Romney?

It was just mentioned on Lateline, as breaking news, that the ABC understands the Coalition will tomorrow announce a tax cut for companies, worth $5 billion (I think) over an unspecified period.

Well, if true, those Liberal Party operative trips to learn how to do politics with the Tea Party influenced GOP is going to backfire.

Because everyone knows, the way to deal with an ongoing government revenue problem (and government debt dis-arrs-ter)  is for it to, um, cut revenue.

Update:  So, I see the justification is expected to be:

a.   that it compensates big companies for the parental leave plan levy. (Responses noted in some comments at The Guardian:  "yeah, big companies like the banks are doing it so tough we must be very careful they never hurt"; and "so Abbott is effectively having the public fund it after all".)  

b.  part of the Henry Tax review proposed cutting the company tax rate.  But,  um, didn't he also expect a mining tax to usefully increase revenue for the government?

Update 2:  to be honest, to do the full Romney, a politician or economist has to have read Ayn Rand and say things that indicates he's thinking in terms of Moochers and Looters.   Abbott is (note dear readers:  I am giving him a compliment) almost certainly not silly enough to have read Rand, and his Australian variety of Catholicism helps ensure that he is happily free of the weird Randian influence that we see in US Catholic/libertarian Republicans.   Still, there's always a slim hope that at some point in the campaign he might make some comment about what a bunch of losers some of the electorate are, and then we award him "the full Romney". 

Update 3:  well, even with all the normal reservations (online polls are hardly scientific and can be scammed easily by partisan players, particularly during a campaign, and this is a Fairfax poll after all, etc etc) I would still guess that the response shown here on the issue indicates most people aren't overly impressed with the policy:

Update 4: so, the "we never saw a tax cut we didn't like - it helps ensure the teeny, tiny government we believe in on ideological grounds" crowd are noting Labor's not so long ago support of lowering the rate of company tax. But Wong handled this pretty well on radio this morning - Labor was saying they were "aiming for" this when they were also saying they could be back in surplus in a couple of years. That hasn't happened, and won't for a while yet, so they put off the company tax reductions too.

Isn't the problem for the Coalition that, as they like to run with simplistic economics arguments that governments have to control their budgets like households do, then that approach is going to come back to bite them when they try to go with Laffer curve, trickle down arguments for lowering taxes at a time when they are simultaneously saying there is a government debt crisis.