SM

That should have read 3 years not 1 year. I say tax relief when possible, and given the trillion dollars of Coalition debt, any further tax cuts at this time are not economically responsible. Your folk hero Gerry will just have to pay his taxes out of the $12 million of free money he got from ScumO' and Friedbrain, if he can't avoid them. The ramifications of the Coalitions wasteful spending are going to be with us for the next 50 years!

BTW, no free telly for ScumO' and Friedbrain from dear old Gerry as expected. Gerry wouldn't give them, or you, a free smell of his fart! I bet you're in hock to Gerry big time all on the five year plan!

Shadow,

>Labor loves to tax and spend, and in doing this they are boosting inflation and interest rates.
No, it isn't tax and spend that has that effect, it's deficit spending. Taxation has the opposite effect.

My understanding is that because of high commodity prices, the deficit's likely to be significantly lower than forecast. But with inflation high around the world, the predicted crash in commodity prices would, on the whole, be good for the economy.
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Paul,
Being economically responsible doesn't equate to making enormous cuts. And economic responsibility should not come at the expense of social or environmental responsibility.

Overall, the most responsible course of action would be to temporarily raise the top tax rate. But that goes against an election promise, so they'll need a separate mandate for it.

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Both of you:

Australia's federal debt is NOT Labor's debt.
Nor is it the Coalition's debt, nor the Liberals' debt.
Nor is it even taxpayers' debt.

The Federal government has a policy of only borrowing in the currency it prints, so investors can be sure their money is safe, without needing to resort to the advice of those incompetent credit ratings agencies. There's no limit to the amount Australia can borrow, so we need not worry about the debt - we should focus on the deficit instead, as that has more of an effect on inflation. But we should keep in mind that it wasn't the primary cause of the current inflation.

Aidan,

Economics 101, Individuals don't spend 100% they save some which means that taxing and spending is more inflationary than cutting expenditure.

taxing and spending reduces real income which is another labor government failure.

Paul,

Given the $trillion of Labor debt they should not be spending like drunken sailors. The $25bn deficit was in the 2nd half of 2022 and is not in the future.