Spot on.
Stage 3 tax cuts are just history repeating.
Albanese has made the same mistake Rudd did, continue with LNP tax cuts that went too far, or should have been offset with other tax increases such as GST to 15%.
Australia has gone from close to zero debt in 2004 to close to $900bn in 2024.
Costello cut taxes too far to try and win in 2007, Swann gave away billions in the GFC (even to dead people), Morrison cut taxes too far in the Stage 3 TC cuts then Frydenburg gave away $100bn+ (even to companies that profits increased) during COVID.
2 surpluses out of 17 since 2007.
Complete financial incompetence of a country's finances, especially one with such high natural resources.
- Forums
- Political Debate
- Albo's Government is heading to a $193bil deficit
Albo's Government is heading to a $193bil deficit, page-42
-
- There are more pages in this discussion • 83 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)