According to a Newspoll of more than 1500 people, Australian voters are more interested in spending on public services than personal income tax cuts or cutting government debt.
33% believe increased funding for services should be the top priority, followed by 30% who want government debt to be dealt with. Coming in third was slashing income taxes, which was the top priority for 27% of voters. From The Australian:
The result differs along party lines, however, with 45% of Coalition voters nominating paying down debt as their top concern, whereas 49% of Labor and 45% of Greens voters nominating increased public services as their top priority.
Thus, it appears most Australians do not believe that in an era of Budget deficits and acute pressures across public services, that it is appropriate to spend scarce taxpayer funds on reducing personal tax rates.
MB is also concerned that the Federal Budget is not yet on a sustainable footing. Therefore, any tax cut would merely worsen the Budget deficit.
