Australian Politics Forum - libs fudging figures

John Smith

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libs fudging figures
May 4^th, 2016 at 7:45pm

Only one day after their budget the libs have already been caught out fudging their figures

The Parliamentary Budget Office (PBO) has estimated the Federal Government's corporate tax cut plan will cost $16.5 billion a year in a decade.

The budget proposal would see the company tax rate fall to 25 per cent for all firms in 2026-27.

The changes will be phased in over time, with small and medium-sized businesses to benefit first.

Government budget estimates show the changes would cost $2.65 billion over four years.

The Opposition used Question Time to repeatedly ask the Government about the absence of costings for the full 10-year period.

"Our plans are fully costed," Treasurer Scott Morrison said of the four-year estimate.

"Modelling details were released last night in accordance with the normal processes of the budget.

"A tax on businesses that employ millions of people in this country... [is] a tax on their enterprise, and a tax on that is a tax on growth and it's a tax on jobs."

The ABC has seen PBO office analysis tracking the full cost of the plan, showing it would cost $16.5 billion in year 26-27 or about 0.5 per cent of Gross Domestic Product (GDP).

Treasury estimated the tax cut plan would grow GDP by 1 per cent.
http://www.abc.net.au/news/2016-05-04/corporate-tax-cut-plan-to-cost-$16.5b-in-1...

and here I was thinking we'd seen the last of Hockeynomics Cheesy

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crocodile

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Re: libs fudging figures
Reply #1 - May 4^th, 2016 at 8:18pm

John Smith wrote on May 4^th, 2016 at 7:45pm:

Only one day after their budget the libs have already been caught out fudging their figures

The Parliamentary Budget Office (PBO) has estimated the Federal Government's corporate tax cut plan will cost $16.5 billion a year in a decade.

The budget proposal would see the company tax rate fall to 25 per cent for all firms in 2026-27.

The changes will be phased in over time, with small and medium-sized businesses to benefit first.

Government budget estimates show the changes would cost $2.65 billion over four years.

The Opposition used Question Time to repeatedly ask the Government about the absence of costings for the full 10-year period.

"Our plans are fully costed," Treasurer Scott Morrison said of the four-year estimate.

"Modelling details were released last night in accordance with the normal processes of the budget.

"A tax on businesses that employ millions of people in this country... [is] a tax on their enterprise, and a tax on that is a tax on growth and it's a tax on jobs."

The ABC has seen PBO office analysis tracking the full cost of the plan, showing it would cost $16.5 billion in year 26-27 or about 0.5 per cent of Gross Domestic Product (GDP).

Treasury estimated the tax cut plan would grow GDP by 1 per cent.
http://www.abc.net.au/news/2016-05-04/corporate-tax-cut-plan-to-cost-$16.5b-in-1...

and here I was thinking we'd seen the last of Hockeynomics Cheesy

About the only decent thing that came out of last night.

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Very funny Scotty, now beam down my clothes.

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Aussie

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Re: libs fudging figures
Reply #2 - May 4^th, 2016 at 8:22pm

John Smith wrote on May 4^th, 2016 at 7:45pm:

Only one day after their budget the libs have already been caught out fudging their figures

The Parliamentary Budget Office (PBO) has estimated the Federal Government's corporate tax cut plan will cost $16.5 billion a year in a decade.

The budget proposal would see the company tax rate fall to 25 per cent for all firms in 2026-27.

The changes will be phased in over time, with small and medium-sized businesses to benefit first.

Government budget estimates show the changes would cost $2.65 billion over four years.

The Opposition used Question Time to repeatedly ask the Government about the absence of costings for the full 10-year period.

"Our plans are fully costed," Treasurer Scott Morrison said of the four-year estimate.

"Modelling details were released last night in accordance with the normal processes of the budget.

"A tax on businesses that employ millions of people in this country... [is] a tax on their enterprise, and a tax on that is a tax on growth and it's a tax on jobs."

The ABC has seen PBO office analysis tracking the full cost of the plan, showing it would cost $16.5 billion in year 26-27 or about 0.5 per cent of Gross Domestic Product (GDP).

Treasury estimated the tax cut plan would grow GDP by 1 per cent.
http://www.abc.net.au/news/2016-05-04/corporate-tax-cut-plan-to-cost-$16.5b-in-1...

and here I was thinking we'd seen the last of Hockeynomics Cheesy

Yeas, the ALP was onto that in QT today. It is all smoke and mirror statistic voodoo cherry picking stuff on both sides.

I don't trust either of them on the Budget.

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John Smith Gold Member Offline Australian Politics Posts: 74328 Gender:	Re: libs fudging figures Reply #3 - May 4^th, 2016 at 8:57pm crocodile wrote on May 4^th, 2016 at 8:18pm: About the only decent thing that came out of last night. I don't like that they've changed the criteria for a small business
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crocodile Gold Member Offline Australian Politics Posts: 6683 Gender:	Re: libs fudging figures Reply #4 - May 5^th, 2016 at 7:46am John Smith wrote on May 4^th, 2016 at 8:57pm: crocodile wrote on May 4^th, 2016 at 8:18pm: About the only decent thing that came out of last night. I don't like that they've changed the criteria for a small business Agreed. They should have made the cutoff higher.
Back to top	Very funny Scotty, now beam down my clothes. IP Logged

Swagman Gold Member Offline Beware of cheap imitations...... Posts: 15095 Illawarra NSW Gender:	Re: libs fudging figures Reply #5 - May 5^th, 2016 at 9:21am John Smith wrote on May 4^th, 2016 at 8:57pm: I don't like ...that's unusual
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John Smith

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Re: libs fudging figures
Reply #6 - May 5^th, 2016 at 9:23am

crocodile wrote on May 5^th, 2016 at 7:46am:

John Smith wrote on May 4^th, 2016 at 8:57pm:

crocodile wrote on May 4^th, 2016 at 8:18pm:

About the only decent thing that came out of last night.

I don't like that they've changed the criteria for a small business

Agreed. They should have made the cutoff higher.

bullsh1t ... a business netting $10mil is not a small business by any normal persons definition

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Andrei.Hicks

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Re: libs fudging figures
Reply #7 - May 5^th, 2016 at 9:25am

John Smith wrote on May 5^th, 2016 at 9:23am:

crocodile wrote on May 5^th, 2016 at 7:46am:

John Smith wrote on May 4^th, 2016 at 8:57pm:

crocodile wrote on May 4^th, 2016 at 8:18pm:

About the only decent thing that came out of last night.

I don't like that they've changed the criteria for a small business

Agreed. They should have made the cutoff higher.

bullsh1t ... a business netting $10mil is not a small business by any normal persons definition

Yes it is.
That's fking chicken feed.

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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde

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John Smith

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Re: libs fudging figures
Reply #8 - May 5^th, 2016 at 9:27am

Andrei.Hicks wrote on May 5^th, 2016 at 9:25am:

John Smith wrote on May 5^th, 2016 at 9:23am:

crocodile wrote on May 5^th, 2016 at 7:46am:

John Smith wrote on May 4^th, 2016 at 8:57pm:

crocodile wrote on May 4^th, 2016 at 8:18pm:

About the only decent thing that came out of last night.

I don't like that they've changed the criteria for a small business

Agreed. They should have made the cutoff higher.

bullsh1t ... a business netting $10mil is not a small business by any normal persons definition

Yes it is.
That's fking chicken feed.

Might be chicken feed for a multinational, but by anyone else's standards it is not chicken feed. The mum and dad run coffee shop is a small business. The little corner store run by the Pakistani family is a small business. The carpenter sub contracting is a small business. A business NETTING $10 million is certainly not a small business

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: libs fudging figures Reply #9 - May 5^th, 2016 at 9:28am Ok I should say it's even less than chicken feed when you compare to my company John...
Back to top	Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde IP Logged

Armchair_Politician Gold Member Offline Australian Politics Posts: 25866 Gender:	Re: libs fudging figures Reply #10 - May 5^th, 2016 at 9:29am Remember when Labor said that they projected they'd deliver a surplus of a few million dollars but it actually ended up being something like a $20bn deficit? I don't trust Labor on money matters now and I probably never will. They have lost all credibility on matters relating to the budget and finance.
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John Smith Gold Member Offline Australian Politics Posts: 74328 Gender:	Re: libs fudging figures Reply #11 - May 5^th, 2016 at 9:30am Andrei.Hicks wrote on May 5^th, 2016 at 9:28am: Ok I should say it's even less than chicken feed when you compare to my company John... your company or the company you work for Andrei?
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John Smith

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Re: libs fudging figures
Reply #12 - May 5^th, 2016 at 9:30am

Armchair_Politician wrote on May 5^th, 2016 at 9:29am:

Remember when Labor said that they projected they'd deliver a surplus of a few million dollars but it actually ended up being something like a $20bn deficit? I don't trust Labor on money matters now and I probably never will. They have lost all credibility on matters relating to the budget and finance.

remember when libs said they would reach surplus within one year of forming govt. ..... Cheesy

you make this to easy Grin

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: libs fudging figures Reply #13 - May 5^th, 2016 at 9:34am John Smith wrote on May 5^th, 2016 at 9:30am: Andrei.Hicks wrote on May 5^th, 2016 at 9:28am: Ok I should say it's even less than chicken feed when you compare to my company John... your company or the company you work for Andrei? The 10,000 shares I have makes it my company. I'm an owner.
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Redmond Neck

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Re: libs fudging figures
Reply #14 - May 5^th, 2016 at 9:35am

John Smith wrote on May 5^th, 2016 at 9:30am:

Andrei.Hicks wrote on May 5^th, 2016 at 9:28am:

Ok I should say it's even less than chicken feed when you compare to my company John...

your company or the company you work for Andrei?

One has to take every opportunity John to

"Blow It Out Ones Arse"

This guy make Cassius clay sound like an amateur!

"I am the greatest!'

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BAN ALL THESE ABO SITES RECOGNITIONS.

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