Times were better then yeldub so they could afford higher taxes - and at least the debt got repaid and a future fund to cover previously unfunded future liabilities. Fantastic result don't you think?
The company tax may not be such a problem if there is no carbon tax and the sovereign risk rating once again rises here. And if fiscal restraint improves our balance sheet and lowers the AUD so our agriculture, manufacturing, retail and tourism can improve - add more jobs and therefore higher consumption = more income for companies.
It will also push government revenues back up via tax revenues so we can start to pay back the ALP debt created - at a higher rate and with less useful outcomes than if it had been spent wisely.
