Re NEG a smart move would be to only allow deductions up to the revenue and carry forward the loss rather than allow deductions against other income. Labor policy was ok except it DID NOT allow for carried forward losses. This would be the same as the rules for share losses...can only claim a loss against profit.
As far as franked credits are concerned he could put the 10% GST on the franked credit....10% of 30% equals only a 3% tax This would mean the 10% impost of the GST would be borne by all recipients of franked credits to their capacity of their earnings This is a fairer tax ..it is proportional to the amount one earns , it does not target a specific group...
Bad policies are those that have thresholds , capping , grand fathering , means testing , other exclusions etc...
The above proposals DO NOT have the above mentioned and are proportioned to the amount of income one receives...
