Why taxes would rise under Abbott
Ross Gittens does some useful number crunching about why the tax take has to increase somewhat if either side wins the election.
Should Labor or the Coalition wear the most blame for not being up front about this? This gets confusing. Labor has run a scare campaign on Abbott and the GST. Abbott & Hockey deny emphatically that it is at risk. But then, Abbott and Hockey have run, of course, a 5 year scare campaign on the deficit and their ability to get back to surplus faster than Labor. Yet they do not face up to the fundamentals.
I think the best outcome may be that either Abbott or Rudd gets replaced in the next term, and the new leader gets realistic on this.
Ross Gittins does too!!
ReplyDeleteshows how bad the ALP is at politics that they let the Liberals off for creating the structural problem with regard to taxes which IS the reason the budget is not balanced at present