There are about half a dozen reasons why Labor and the crossbench in the Senate should block the Government’s tax package next month.
First, upper and upper-middle income earners already got a generous tax cut last year. Second, the all-or-nothing approach amounts to blackmail. Third, it is bad economics and risk management. Fourth, in these says of fake news, election lies, and massive spending, who knows if a government has a mandate to do anything? And fifth, the cuts will undermine more than a century of a progressive Federal income-tax system which imposes higher rates of tax on higher incomes.
Continue reading “Tax system still rotten, despite election”




