| Neville —
Joe Hockey has come out today and argued for lower taxes, particularly for those on higher incomes. This is from the same man who has said Australia has a ‘budget emergency’ and who has doubled the deficit.
We’ve heard this before. Tony Abbott and Joe Hockey spent all of 2013 saying they wanted lower taxes. They’re now actually taxing people more than at anytime since the Howard Government.
If Joe Hockey wants to have a serious discussion about making tax cuts he also needs to explain how he plans to pay for them. So far he hasn’t said anything about how he would fund these tax cuts, but we know what options they’ve put on the table: blow out the deficit, make even harder cuts, or raise the GST. We don’t think any of these are good options.
The reality is Joe Hockey isn’t engaging in a serious policy discussion, he’s just looking for a way to save both Tony Abbott and himself.
By contrast Labor has a plan to crackdown on large multinational companies avoiding tax which will raise over $7 billion. We’ve also released our policy to wind back some of the overly generous tax concessions for high income earners. These are tax reforms that make a difference to the budget bottom line but are also fair and sustainable.
Thanks for your support,
Chris Bowen
Shadow Treasurer |
