Via Albo:
What we have determined this morning to do is to propose a negotiating position to the Government which would bring forward tax cuts faster for those who need it and importantly those who will spend it to stimulate demand in the economy.”
We have determined the following position: Stage one – of course, we will continue to support that stage and express disappointment that the Government has breached its clear commitment to bring in stage one by July 1. That was one of the very clear statements that they made during the federal election campaign.
For stage 2, we’re calling for the Government to increase the 37% threshold from $90,000 to $120,000 that is already legislated but is down the track, to bring that forward to 2019-2020. This would provide up to $1,350 for all those above $90,000.
The costing of that is less than $3.7 billion. That’s based upon the Government’s own indications of what that would cost come 2022 when that change is due to come in under the already-legislated tax cuts.
We think that stage 3 at a cost of some $95 billion down the track for an economy which is very soft at the moment, which no-one can say what the economy looks like in 2024-25, is really a triumph of hope over economic reality.
Good. More than reasonable, in fact. Split the package, ScoMo.
Center Alliance go for the jugular on gas!
