Labor’s ‘dog’s breakfast’
Scott Morrison has labelled Labor’s dividend imputation crackdown a “dog’s breakfast” after the party announced its policy would change to exempt pensioners.
The Treasurer said Bill Shorten had admitted his policy was poorly designed after announcing this morning Labor would ringfence 300,000 pensioners and welfare recipients from the ban on cash refunds for franking credits.
“The policy is a complete dog’s breakfast, it is an admission of their incompetence, their arrogance, of their confusion, that’s what they have announced today,” Mr Morrison said.
“I mean it was only two weeks ago Chris Bowen said this was well designed, this was good, no problems, a week ago he was standing by it, yesterday he gave it the big Swanny stamp of approval and today a complete dog’s breakfast.
“It wasn’t okay to steal peoples tax free funds two weeks ago, it is still not okay now, whether it is pensioners or self-funded retirees or anyone else, it is not okay to do that.”
https://www.theaustralian.com.au/na...e/news-story/b2edbf66a067468d7018d31359d77fcd
