Higher taxes the ‘last thing’ Australia’s economy needs

Reserve Bank Governor Philip Lowe said last week the federal government might need to consider raising taxes to lower the country’s debt.

Mr Sukkar says he doesn’t want to see Labor “reverting to type” and looking at opportunities to raise taxes. “We know they always do this; they chase higher spending which therefore means they have to attack Australians more,” he told Sky News Political Editor Andrew Clennell.

Tax is OK if it used to pay off debt, not redistribute!

In practical terms, higher taxes do more damage to low and middle income families and singles than they do to the rich. So cancel the Phase 3 tax cuts for the rich and use the funds to raisetherate. Thanks Shadow Minister Sukkar! Great idea.

'Shadow'

If families can reduce the goods and services burden - eg childcare, public education, public health, aged care costs - funded from the household budget, which needs to be balanced, to the public budget, which does not, why not. insiders auspol qanda

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Source: 7NewsAustralia - 🏆 11. / 71 Read more »