According to the Liberal Party newsletter, aka the Telegraph, the party who never raises taxes, the party who screamed blue murder about the carbon and mining taxes, the party who supposedly saved us $550 a year by ‘axing the tax’, is set to cost us thousands by raising the GST to 15%.
Today’s article seems to be a fishing expedition to see how much they can get away with. The preferred option is an increase to 15% with fresh food remaining exempt. The National Centre for Social and Economic Modelling estimates the average household would face extra costs of $2915 a year under a 15% GST.
So much for Greg Hunt’s hand wringing over the price of electricity – it’s about to go up by 5% along with everything else but it won’t be the polluters picking up the tab.
To hide the pain, Scott Morrison is talking about income tax cuts.
“When you have the average wage earner in this country about to move into the second-highest tax bracket at $80,000 next year, you’ve got a problem with the incentives in your tax system,” he said.
One wonders why Scott hasn’t considered changing the threshold or would that be too easy.
Thankfully the miners and big banks will continue on their merry way with their superprofits intact while pensioners and single parents pick up the slack on budget repair.
Looks like the joke’s on us.