Rudds' visit to WA has resulted in a new story:
"WESTERN Australia will get the lion's share of investment funds from the resources tax to build new roads, railways and ports and boost the state's economy, Prime Minister Kevin Rudd says.
Mr Rudd has flown into Perth to sell his Government's controversial Resources Super Profits Tax (RSPT).
But mining company bosses have laid on a protest meeting to greet him when he attends a press club luncheon.
Mr Rudd told 6PR Radio the tax reforms would strengthen WA's economy by cutting company tax and making tax breaks available for tens of thousands of small businesses, and provide revenue to build infrastructure.
On top of that it would provide extra superannuation for 700,000 workers in WA, he said.
The Government aimed to set up a specific investment fund to build more roads, railways and ports in WA which would in turn boost mining and business.
"The infrastructure needs of this state are vast and on the existing tax base cannot be funded," Mr Rudd said.
"We say the sector of the economy most able to share a greater part of the burden for funding our infrastructure needs for the future is in fact our most profitable mining companies."
Mr Rudd said WA and the other major resource state Queensland would receive the lion's share of the RSPT infrastructure investment proceeds.
He said independent analysis for Treasury indicated the tax changes would result in mining investment going up by 4 or 5 per cent and employment going up by 7 per cent over time.
Mr Rudd said he respected the mining industry's point of view and consultations would continue in the weeks ahead.
"But this will be a very difficult negotiation, I fully accept it."
Mr Rudd took a swipe at Atlas Iron Managing Director David Flanagan for saying iron ore was an infinite resource.
"Well, go back to Geology 101, it's not," he told 6PR.
"The guy from Atlas, whatever his name is, Mr Flanagan, frankly is just not telling the truth."
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Lions share for QLD and WA????
So, that means NT, VIC, NSW, SA, TAS get the scraps of the kill?
Why would you vote for it if you come from those states then?
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and I see he has had his arrogant little snout in geology textbooks too eh?
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How can anyone believe this man?
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