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LNP while praising the surplus top of the boom handed junk booby...

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Akki

35,674 Posts.

548

05/06/24

20:50

Post #: 74183274
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Originally posted by Tarvold ↑

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.

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LNP while praising the surplus top of the boom handed junk booby traps to ALP 10+ years ago …. And the LNP after crying about defecit and ALP weathering the Howard govt booby traps then continued to blow it out for the next 10 years on spend spend spend heading near a trillion

https://australiainstitute.org.au/p...ons-as-treasurer-cost-the-budget-56bn-a-year/
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