Speaking of taxes....how is Abbott's maternity leave scheme...

Speaking of taxes....how is Abbott's maternity leave scheme going to be funded?

"Forecast to cost $3.3 billion a year, the scheme will be funded by a 1.5 percentage point increase in company tax for the nation's largest 3200 firms as well as a $100 million top-up from the budget.

Mothers who took leave to look after their babies would receive their full wage for six months.

It would be capped at annual salaries of $150,000, meaning a maximum payout of $75,000 for six months."

Read more: http://www.smh.com.au/opinion/political-news/business-sounds-alarm-over-abbotts-parental-leave-plan-20120306-1uifh.html#ixzz2Tb6oVvn9


Oh, that's right funded through taxes from businesses which will then be passed onto consumers....and $100 000 000 from the budget (or our pockets)