Ken Henry is making sense at The Australian:
Former Treasury secretary Ken Henry has slammed the emerging bidding war between the Turnbull government and Labor to cut taxes as “theatrically absurd” given the rising tide of public spending baked into the budget.
…“There remain real questions about adequacy of the unemployment benefit, real questions about the affordability looking ahead for family payments, and real questions about the complexity of our retirement income system, particularly the way the Age Pension interacts with super,” Dr Henry, now the chairman of National Australia Bank, said. “I’m not sure on the right expression but it seems to me absurd, theatrically absurd, that we know we’re going to have to raise taxes but we’re having an argument about which taxes to cut.”
