The company tax cut farce has rolled on today, with Treasurer Scott Morrison playing down internal divisions within the Coalition and talking up the policy:
Mr Morrison said “people are expressing confidence in the policy”, despite some in the coalition calling for it to be dumped…
Mr Morrison said the government is still trying to implement “the mandate we got at the last election”.
And we continue to work with the senate to get the best possible outcome for the Australian economy,” Mr Morrison told ABC radio.
“There’s no question this is not the right policy for Australia.
“And the government will do the right thing for the economy.
“We’re not in the business of political expediency to jettison policies that we think are good for the Australian economy and we have to be practical about that.”
You can’t make this stuff up.
Australia’s voters are strongly against cutting company taxes, as evidenced by numerous opinion polls and the weekend’s bi-elections.
The Senate cross-bench is against company tax cuts, with One Nation, the Centre Alliance, Tim Storer and Derryn Hinch all reaffirming their opposition over recent days.
The Coalition’s own party room is divided on the policy, with several backbenchers wanting the policy to be dumped.
And the evidence from the United States, which slashed its company tax rate from 35% to 21%, has been disastrous with the Budget deficit skyrocketing, share buybacks and dividends surging (benefiting the rich), and real wages sliding.
Open your eyes, Scott!
