Abbottalypse 2.0 stirs party room

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Bring it on, from the AFR:

Former Prime Minister Tony Abbott has raised the temperature inside the Coalition over tax reform by calling on Malcolm Turnbull to make tough decisions to cut spending if he wanted to fund tax cuts.

Mr Abbott, who as prime minister opposed tinkering with superannuation, negative gearing and the GST, told Tuesday’s weekly Coalition party room meeting “the only credible way to reduce taxes is to reduce spending”.

During discussion on tax reform, he said it was “time for the leadership to take on the savings challenge again”.

A source said the room was “very attentive” during the speech.

Mr Abbott was backed by one of his closest allies, Senator Eric Abetz.

Let’s get him back in so we can have fair fight with Labor. No more of this Turnbott ‘wolf in sheep’s clothing’ rubbish.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.