. National Breaking News Wong won't rule out super raid From: AAP March 26, 2013 8:19AM
The finance minister declined to rule out axing tax concessions for superannuation in the budget. Source: AAP FINANCE Minister Penny Wong has declined to rule out axing tax concessions for superannuation in the May budget. "I've danced this dance over a few years," she told ABC radio on Tuesday, referring to pre-budget speculation.
Sacked cabinet minister Simon Crean has warned that raising taxes on super would trash Labor's legacy in setting up compulsory superannuation.
"You can't be taxing people's surpluses built up in a super fund to pay for our surplus," he told The Financial Review.
