Ross Gittins, the Fairfox economics editor, talks about the effect of surplus-driven economic policies…
How both sides wrecked the tax base – Ross Gittins
19 March 2012
Although Gillard’s desire for a budget surplus in under threat from a wounded tax base…
Gillard’s problems pale in comparison to Tony Abbott’s, with his oddly ideological and populist commitment to rescind both Labor’s carbon tax and its mining tax without rescinding all the tax cuts and spending increases the taxes will pay for.
There seems little doubt Abbott’s term in office would either be marked by an orgy of broken promises or be consumed by agonising over what spending to cut, with eternal lobbying both before and after the fact.
text by @redglitterx
additional text, Ross Gittins used under Fair Use copywrite