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The Sure Way To A Surplus, Tax The People. (Read 6621 times)
imcrookonit
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The Sure Way To A Surplus, Tax The People.
May 19th, 2013 at 7:18am
 
Sure way to surplus: tax the people as Howard did    

    by: Craig Emerson
    From: The Australian
    May 18, 2013

 

YOU could see this one coming: the opposition claiming the budget's economic projections are unreliable and it will therefore wait until the release of the pre-election economic and fiscal outlook 10 days into the election campaign before setting out its costed policies and savings decisions.      Huh

Better still, why tell the Australian people of your true intentions before an election when you can establish a post-election audit commission and unleash the full array of cuts to an unsuspecting public?      

In his budget reply, Tony Abbott confirmed he would go down the same path as the Newman government's audit commission that is chaired by former federal treasurer Peter Costello. It is a device to declare all bets are off, justifying the repudiation of any and all pre-election promises.

As foreshadowed by the Prime Minister at her Press Club speech in January, this week's budget sets out the structural savings decisions needed to ensure long-term fiscal sustainability while making room for major new investments in schools and disability services.


These savings decisions include paring back middle-class welfare, an efficiency dividend for universities and reductions in compensation for carbon pricing now the Australian emissions trading scheme is to be linked to the European scheme.

None of these decisions is popular but they are necessary in the face of an unusually high dollar and associated squeeze on company profits.

To dispel the myth Labor is a big-spending government, average growth in spending under Labor - which includes necessary stimulus spending during the global financial crisis - is almost identical to that of the previous Coalition government.

Over several budgets the Labor government has unwound the middle-class welfare extended during the first mining boom by the previous government. The real income levels at which family payments are phased out have been reduced, the private health insurance rebate has been means-tested and the Baby Bonus abolished and replaced with a more modest means-tested payment.      Smiley

The Coalition is complaining the budget was not brought into surplus this year. There was, in fact, a straightforward way of delivering a surplus in 2012-13: apply the same tax burden as the previous Coalition government did. The budget papers show the present tax burden is 21.5 per cent of GDP, sharply down from the 23.7 per cent in the last year of the previous government.

If the Gillard government were to impose the Coalition's tax burden on Australian businesses and households, revenue this year would be more than $32 billion greater and the budget would be in surplus by more than $12bn.

The Abbott-led opposition has voted against most of Labor's attempts to rein in middle-class welfare. This should not be surprising, since Abbott continues to condemn Labor's reductions in middle-class welfare as "attacking the middle class", describing the private health insurance rebate and family payments as "tax justice".

But the mother of all middle-class welfare policies is Abbott's paid parental leave scheme. Compared with Labor's affordable scheme, Abbott's gold-plated policy is targeted directly at higher income earners.    

It would be funded by a 1.5 percentage point increase in company tax for the 3200 businesses with incomes greater than $5 million. Many of those businesses already have their own paid parental leave schemes. They would neither want nor be able to scrap them, since they have been negotiated with employees through enterprise-bargaining rounds.

Based on costings from the Parliamentary Budget Office, Abbott's paid parental leave scheme would be a $5bn annual slug on business - or $20bn over a full budget period. Some major business groups have been remarkably sanguine about such an impost, having argued for years for a reduction in the company tax rate and now seemingly accepting a $20bn company tax hike.

They know, as Abbott does, that they can pass on most of the company tax rate increase to customers through higher checkout prices, higher interest rates for home buyers, consumers and small businesses, higher fuel prices and higher insurance premiums.      Sad

To the extent that the Abbott cost impost could not be passed on, its burden would be felt by shareholders, including superannuation funds, through reduced dividends and capital gains.

Either way, major business organisations such as the Business Council of Australia and the Australian Chamber of Commerce and Industry seem relaxed and comfortable about the prospect of a hefty increase in the tax burden on the companies they purport to represent.

Craig Emerson is the Minister for Trade and Competitiveness.
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imcrookonit
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Re: The Sure Way To A Surplus, Tax The People.
Reply #1 - May 19th, 2013 at 7:20am
 
Better still, why tell the Australian people of your true intentions before an election when you can establish a post-election audit commission and unleash the full array of cuts to an unsuspecting public?      Shocked
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progressiveslol
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Re: The Sure Way To A Surplus, Tax The People.
Reply #2 - May 19th, 2013 at 7:37am
 
Emmerson is the dumbest and most extreme member of gillards fabian front bench.

What he says is even more worthy of ignoring but taking the lies to fuel your rage at labor.

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RightSadFred
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Re: The Sure Way To A Surplus, Tax The People.
Reply #3 - May 19th, 2013 at 7:43am
 
progressiveslol wrote on May 19th, 2013 at 7:37am:
Emmerson is the dumbest and most extreme member of gillards fabian front bench.

What he says is even more worthy of ignoring but taking the lies to fuel your rage at labor.



The best way to a surplus is to get rid of the ALP and never elect them again until they reform themselves economically.

Howard delivered surpluses through economic success, on tax you don't increase them you reform them



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« Last Edit: May 19th, 2013 at 8:31am by RightSadFred »  
 
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Dnarever
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Re: The Sure Way To A Surplus, Tax The People.
Reply #4 - May 19th, 2013 at 8:13am
 
RightSadFred wrote on May 19th, 2013 at 7:43am:
progressiveslol wrote on May 19th, 2013 at 7:37am:
Emmerson is the dumbest and most extreme member of gillards fabian front bench.

What he says is even more worthy of ignoring but taking the lies to fuel your rage at labor.



The best way to a surplus is to get rid of the ALP and never elect them again until the reform themselves economically.

Howard delivered surpluses through economic success, on tax you don't increase them you reform them






The conservatives $100 Billion of unfunded spending will ensure that the coalition can not hope to produce a surplus inside a decade.  Abbott and Hockey will never produce a surplus, you would need to be crackers to think differently.

Howard delivered surpluses through economic success

Costello produced surpluses based on the strong economic position he inherited coupled with the strongest world economic growth in over a century.
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cods
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Re: The Sure Way To A Surplus, Tax The People.
Reply #5 - May 19th, 2013 at 8:24am
 
Dnarever wrote on May 19th, 2013 at 8:13am:
RightSadFred wrote on May 19th, 2013 at 7:43am:
progressiveslol wrote on May 19th, 2013 at 7:37am:
Emmerson is the dumbest and most extreme member of gillards fabian front bench.

What he says is even more worthy of ignoring but taking the lies to fuel your rage at labor.



The best way to a surplus is to get rid of the ALP and never elect them again until the reform themselves economically.

Howard delivered surpluses through economic success, on tax you don't increase them you reform them






The conservatives $100 Billion of unfunded spending will ensure that the coalition can not hope to produce a surplus inside a decade.  Abbott and Hockey will never produce a surplus, you would need to be crackers to think differently.

Howard delivered surpluses through economic success

YOU HAVE A CRYSTAL BALL I GATHER? I WOULD GET RID OF IT IF I WERE YOU IT DIDNT DO WELL OVER THIS 6 YEARS DID IT?



Costello produced surpluses based on the strong economic position he inherited coupled with the strongest world economic growth in over a century.




DONT YOU THINK ITS TIME YOU WERE JUST A TINY BIT FAIR.... SWAN INHERITED FAR MORE THAN COSTELLO DID..HE HAD A SURPLUS TO START WITH.. PERHAPS HAD HE BEEN A BIT MORE PRUDENT HE WOULDNT BE WHERE HE IS NOW...44% IN THE POLLS....THE ECONOMY YOU KEEP GIVING COSTELLO CREDIT FOR INCREASED 3 FOLD DURING THE RUDD/GILLARD YEARS.... SWAN UPPED THE BABY BONUS WHY????? PAID MATERNITY LEAVE...WHY????? ITS ALL WELFARE THATS WHY. AND THEN WE HAVE THE BOATS....NUFF SAID..

JUST A LITTLE CREDIT FOR THE LIBS WOULDNT GO AMISS IT WASNT ALL GOOD FORTUNE FOR THEM AND LOUSY FORTUNE FOR LABOR  AND YOU KNOW IT.
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cods
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Re: The Sure Way To A Surplus, Tax The People.
Reply #6 - May 19th, 2013 at 8:28am
 
Sure way to surplus: tax the people as Howard did    

    by: Craig Emerson
    From: The Australian
    May 18, 2013





does Mr Emmerson have another way of paying off the

BIGGEST DEBT IN AUSTRALIAS HISTORY.



why doesnt he tell us what he would do????? Huh Huh
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philperth2010
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Re: The Sure Way To A Surplus, Tax The People.
Reply #7 - May 19th, 2013 at 8:33am
 
Under the Howard Government the treasury underestimated the revenue intake providing Howard with a surplus he did not account for.....Howard promptly used this windfall to pork barrel and buy votes from a public that was ignorant to the fact Australia was living a lie about the true state of the economy.....Howard should have used the surplus to fund education and social reforms much like the Gillard Government has tried to do with Gonski the NDIS and Infrastructure spending to address the back log left by the Howard Government.....Tony Abbott has said he will not fund rail and will not embrace Gonski.....Tony Abbott is not the solution to a sustainable future for Australia and his constant referral to the Howard Government shows he will be another do nothing Prime Minister if elected.....Australia cannot afford another decade of doing nothing!!!

Angry Angry Angry

The world is full of people whose notion of a satisfactory future is, in fact, a return to the idealised past.
Robertson Davies, "A Voice from the Attic", 1960
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If knowledge can create problems, it is not through ignorance that we can solve them.
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cods
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Re: The Sure Way To A Surplus, Tax The People.
Reply #8 - May 19th, 2013 at 8:40am
 
philperth2010 wrote on May 19th, 2013 at 8:33am:
Under the Howard Government the treasury underestimated the revenue intake providing Howard with a surplus he did not account for.....Howard promptly used this windfall to pork barrel and buy votes from a public that was ignorant to the fact Australia was living a lie about the true state of the economy.....Howard should have used the surplus to fund education and social reforms much like the Gillard Government has tried to do with Gonski the NDIS and Infrastructure spending to address the back log left by the Howard Government.....Tony Abbott has said he will not fund rail and will not embrace Gonski.....Tony Abbott is not the solution to a sustainable future for Australia and his constant referral to the Howard Government shows he will be another do nothing Prime Minister if elected.....Australia cannot afford another decade of doing nothing!!!

Angry Angry Angry

The world is full of people whose notion of a satisfactory future is, in fact, a return to the idealised past.
Robertson Davies, "A Voice from the Attic", 1960





what did this last 6 years do???.. dont talk about NDIS that hasnt left the paper yet...

dont talk about baby bonus that they almost doubled or maternity leave...in the news everyone wants them GONE....they are both killers and you know it... what roads did they build... we kn ow we got a lot of fancy shades at schools..pity about gonski...how much did that report cost??? and again much ado about nothing......nothing changes phil....I am one of those that seeing is believing...bugger all this promising for 5 years hence..you can live on that I cant,.
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Re: The Sure Way To A Surplus, Tax The People.
Reply #9 - May 19th, 2013 at 8:42am
 
philperth2010 wrote on May 19th, 2013 at 8:33am:
Under the Howard Government the treasury underestimated the revenue intake providing Howard with a surplus he did not account for.....Howard promptly used this windfall to pork barrel and buy votes from a public that was ignorant to the fact Australia was living a lie about the true state of the economy.....Howard should have used the surplus to fund education and social reforms much like the Gillard Government has tried to do with Gonski the NDIS and Infrastructure spending to address the back log left by the Howard Government.....Tony Abbott has said he will not fund rail and will not embrace Gonski.....Tony Abbott is not the solution to a sustainable future for Australia and his constant referral to the Howard Government shows he will be another do nothing Prime Minister if elected.....Australia cannot afford another decade of doing nothing!!!

Angry Angry Angry

The world is full of people whose notion of a satisfactory future is, in fact, a return to the idealised past.
Robertson Davies, "A Voice from the Attic", 1960

Australia survived and functioned just fine under Howard thank you very much.

Under labor, Australia is a basket case of debt and poor policy.

Ill have the former thanks and Abbott can say he will get a surplus atleast another 250 times before we even bother to worry bout if he will get there.
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RightSadFred
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Re: The Sure Way To A Surplus, Tax The People.
Reply #10 - May 19th, 2013 at 8:43am
 
philperth2010 wrote on May 19th, 2013 at 8:33am:
Under the Howard Government the treasury underestimated the revenue intake providing Howard with a surplus he did not account for.....Howard promptly used this windfall to pork barrel and buy votes from a public that was ignorant to the fact Australia was living a lie about the true state of the economy.....Howard should have used the surplus to fund education and social reforms much like the Gillard Government has tried to do with Gonski the NDIS and Infrastructure spending to address the back log left by the Howard Government.....Tony Abbott has said he will not fund rail and will not embrace Gonski.....Tony Abbott is not the solution to a sustainable future for Australia and his constant referral to the Howard Government shows he will be another do nothing Prime Minister if elected.....Australia cannot afford another decade of doing nothing!!!

Angry Angry Angry

The world is full of people whose notion of a satisfactory future is, in fact, a return to the idealised past.
Robertson Davies, "A Voice from the Attic", 1960


philperth2010

I think he should have toned down the pork, but its a political reality ..... he used it very well to keep them in power for so long.

He did leave the nation with a surplus, the ALP could have started much of what you said back in 2007 but they blew it all on political motives as well.

So why does the ALP have a secret 400 million dollar election stash again ?

This supports my comments on the ALP, they have acted like an opposition since 2007 ..... its only just now they hae realised they are in government, just before they get booted out.



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Dnarever
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Re: The Sure Way To A Surplus, Tax The People.
Reply #11 - May 19th, 2013 at 8:45am
 
cods wrote on May 19th, 2013 at 8:24am:
Dnarever wrote on May 19th, 2013 at 8:13am:
RightSadFred wrote on May 19th, 2013 at 7:43am:
progressiveslol wrote on May 19th, 2013 at 7:37am:
Emmerson is the dumbest and most extreme member of gillards fabian front bench.

What he says is even more worthy of ignoring but taking the lies to fuel your rage at labor.



The best way to a surplus is to get rid of the ALP and never elect them again until the reform themselves economically.

Howard delivered surpluses through economic success, on tax you don't increase them you reform them






The conservatives $100 Billion of unfunded spending will ensure that the coalition can not hope to produce a surplus inside a decade.  Abbott and Hockey will never produce a surplus, you would need to be crackers to think differently.

Howard delivered surpluses through economic success

YOU HAVE A CRYSTAL BALL I GATHER? I WOULD GET RID OF IT IF I WERE YOU IT DIDNT DO WELL OVER THIS 6 YEARS DID IT?



Costello produced surpluses based on the strong economic position he inherited coupled with the strongest world economic growth in over a century.




DONT YOU THINK ITS TIME YOU WERE JUST A TINY BIT FAIR.... SWAN INHERITED FAR MORE THAN COSTELLO DID..HE HAD A SURPLUS TO START WITH.. PERHAPS HAD HE BEEN A BIT MORE PRUDENT HE WOULDNT BE WHERE HE IS NOW...44% IN THE POLLS....THE ECONOMY YOU KEEP GIVING COSTELLO CREDIT FOR INCREASED 3 FOLD DURING THE RUDD/GILLARD YEARS.... SWAN UPPED THE BABY BONUS WHY????? PAID MATERNITY LEAVE...WHY????? ITS ALL WELFARE THATS WHY. AND THEN WE HAVE THE BOATS....NUFF SAID..

JUST A LITTLE CREDIT FOR THE LIBS WOULDNT GO AMISS IT WASNT ALL GOOD FORTUNE FOR THEM AND LOUSY FORTUNE FOR LABOR  AND YOU KNOW IT.



I have given Costello a lot of credit for the things he got right as Treasurer, Many times I have rated him in the top 2 treasurers we have had. It is however a fact that some of his success was due to the period he had but nothing he could have done about a bit of good luck, its not his fault Cods so don't feel too bad for him.

In my view Keating and Costello are the two best treasurers in my life time by a country mile. However they both did make mistakes and Costello was never really tested by bad conditions. (as I said that wasn't his fault).
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Re: The Sure Way To A Surplus, Tax The People.
Reply #12 - May 19th, 2013 at 8:51am
 
cods

This is just a political non argument, without pork you don't get into government (or stay in it), look at the ALP during the Howard years ..... they played MeToo on everything Howard threw up during an election. For the part of the electorate that counts (swinging voters) their attention span is not the biggest so you need simple binary messages of what's in it for me.

Usually this is about 5-10% of the population, but with the ALP irrelevancy it looks more like 10-15%, FYI this presents a big risk to the Libs also.

The very reason most ignored Swan's abstract piece of work as the cupboard is bare. Why would a swinging voter be interested in a budget that offers them nothing ?



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Re: The Sure Way To A Surplus, Tax The People.
Reply #13 - May 19th, 2013 at 8:55am
 
RightSadFred wrote on May 19th, 2013 at 8:43am:
philperth2010 wrote on May 19th, 2013 at 8:33am:
Under the Howard Government the treasury underestimated the revenue intake providing Howard with a surplus he did not account for.....Howard promptly used this windfall to pork barrel and buy votes from a public that was ignorant to the fact Australia was living a lie about the true state of the economy.....Howard should have used the surplus to fund education and social reforms much like the Gillard Government has tried to do with Gonski the NDIS and Infrastructure spending to address the back log left by the Howard Government.....Tony Abbott has said he will not fund rail and will not embrace Gonski.....Tony Abbott is not the solution to a sustainable future for Australia and his constant referral to the Howard Government shows he will be another do nothing Prime Minister if elected.....Australia cannot afford another decade of doing nothing!!!

Angry Angry Angry

The world is full of people whose notion of a satisfactory future is, in fact, a return to the idealised past.
Robertson Davies, "A Voice from the Attic", 1960


philperth2010

I think he should have toned down the pork, but its a political reality ..... he used it very well to keep them in power for so long.

He did leave the nation with a surplus, the ALP could have started much of what you said back in 2007 but they blew it all on political motives as well.

So why does the ALP have a secret 400 million dollar election stash again ?
This supports my comments on the ALP, they have acted like an opposition since 2007 ..... its only just now they hae realised they are in government, just before they get booted out.




He did leave the nation with a surplus
And an economy geared to fail.


He left a time bomb for Labor to wear.
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philperth2010
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Re: The Sure Way To A Surplus, Tax The People.
Reply #14 - May 19th, 2013 at 9:03am
 
cods wrote on May 19th, 2013 at 8:28am:
Sure way to surplus: tax the people as Howard did    

    by: Craig Emerson
    From: The Australian
    May 18, 2013





does Mr Emmerson have another way of paying off the

BIGGEST DEBT IN AUSTRALIAS HISTORY.



why doesnt he tell us what he would do????? Huh Huh


The Australian economy although robust is still being hit by a Global downturn that only the stupid or ignorant would dispute.....Australia has been able to maintain steady growth whilst most other nations have fallen into recession and will take many years to recover.....Australia needs to take advantage of our economic position and drive reform to boost our market share and forge ahead of our competitors.....Our debt is modest and can be sustained whilst the reforms needed are put in place to build the social and economic backbone that will ensure Australia is able to take advantage of our economic position.....Now is not the time to talk down the Australian economy and fall back to the pack with AUSTERITY.....Australia has a once in a lifetime opportunity to really become the smart country!!!

Cool Cool Cool

The Chinese use two brush strokes to write the word 'crisis.' One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger - but recognize the opportunity.
John F. Kennedy (1917 - 1963), Speech in Indianapolis, April 12, 1959
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If knowledge can create problems, it is not through ignorance that we can solve them.
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