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The Forum > General Discussion > Stage3 tax cuts

Stage3 tax cuts

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From PVO,

"There are two aspects to Labor’s broken promise on stage three taxes: the question of integrity; and the economic value, or otherwise, associated with the backflip.

Even if there is merit attached to breaking the promise, which I’ll test later, doing so locks this government in as deeply untrustworthy, now and forever more. It should erode their ability to be believed during any other political debate, sapping the credibility of future promises.

Political integrity either matters or it doesn’t. Yet Anthony Albanese and Treasurer Jim Chalmers may well be rewarded for their deception. They are banking on the public taking a cynical view about truth in politics such that they let this egregious example of deceit pass. If that happens, it will further embed politicians breaking promises, eroding trust in the political class.

The stage three tax cuts were legislated, with Labor’s support, with a pledge they wouldn’t be altered. They were locked in at the election, with a promise they wouldn’t be repealed. That commitment was solidified post-election with assurances time and time again that nothing would change: the tax cuts would take effect as ­legislated.

Their word is their bond and it’s now utterly worthless.

The temptation is to label the PM and Treasurer liars, pejorative terminology to be sure. But what phraseology better encapsulates what they have done?"
Posted by shadowminister, Monday, 29 January 2024 1:29:08 AM
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Nothing like an old Liberal Party hack crying in his beer (here) over these more than fair changes to the grossly unfair Morrison tax cuts for the mega rich. The vast majority of battling Australia applaud the Albanese government for having the courage to make these sensible changes. The Noalition policy is to increase income tax for 95% of taxpayers after the next election. Dud Dutton wants to become a perverted Robin Hood, robbing from the poor and giving to the rich!
Posted by Paul1405, Monday, 29 January 2024 3:53:50 AM
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Never seen the need to use negative gearing.
Paul1405,
Now there’s a furphy and a half !
Posted by Indyvidual, Monday, 29 January 2024 8:20:27 AM
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Indyvidual,

Talking about furphys?

Chinese tourists get upset when they buy a souvenir
from Australia and find out it was made in China.
Posted by Foxy, Monday, 29 January 2024 8:59:27 AM
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Foxy,
Yep, the Australian Unionists must be just so proud to see they can’t even make souvenirs here. Even a lot of the thinking here appears to be from somewhere else !
Posted by Indyvidual, Monday, 29 January 2024 9:30:18 AM
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Indyvidual,

In my profession we didn't have unions because
we didn't need them.
Posted by Foxy, Monday, 29 January 2024 10:23:40 AM
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