Labor leader Bill Shorten has sparked a political firestorm over superannuation after telling voters he had "no plans" to increase taxes on their nest eggs despite taking four policies to the election to raise at least $18.9 billion over a decade.
Prime Minister Scott Morrison declared he would not make changes to super if he held power at the election, adding that Mr Shorten "must have forgotten" the Labor policies to raise more revenue.The economic debate is likely to intensify on Wednesday when the Treasury and Finance departments release the Pre-Election Fiscal Outlook, an update that will set the budget baseline for the election campaign.
The government estimates 130,000 people would pay more tax under the cut from the current threshold of $250,000 a year. The second Labor measure would abolish a government rule to allow "catch up contributions" so that workers who do not make one-off payments into their funds over several years can make a lump sum payment.
CroweDM Bull shitten again!
CroweDM Bill thinks Australians are just fools and I bet his having a big belly laugh at the people who are sending votes his way
CroweDM The peanut couldn’t lie straight in bed.
CroweDM If you want to top up your super with 100,000s It makes it a tax free rort .Not illegal and neither closing the loop holes.
CroweDM If he said no plans he meant no plans. Not “no plans”. Thanks for the misleading intro SMH.
CroweDM Sorry, would not trust the Shortenator as far as I could throw him. He has death duties hidden in his tax arsenal as well. He is keeping that quiet........
CroweDM It’s no firestorm.
CroweDM As long as BOTH parties leave SUPER alone otherwise this would FLY in the FACE of VOTERS!!!
CroweDM I will be polite and say this is a touch misleading
CroweDM Thug!
CroweDM Not new taxes
CroweDM He can raise that by closing the tax loopholes that let companies pay no tax and by stopping the Franking credits.
CroweDM Oh how shrill the rich are when their precious money is taken away from them
CroweDM Recovered money. Not raised taxes. You understand what that means. Abolish meaningless give aways.
CroweDM pants on fire Bill
CroweDM We once had a first rate world class superannuation system, the envy of the world... noe being destroyed by successive labour govts....Shorten is a grub, I bet he doesn’t make any changes to his tax free life long pension, which he doesn’t have to contribute to
CroweDM All good policies.
WarrenR50317436 CroweDM Dodgy af 😬
CroweDM His promises don't come with any explanation,just dribbles shit.
CroweDM Has Rupert bought the now as well? 🙄
CroweDM SMH playing the LNP line.
CroweDM Why are you using Rice Warner as a source? They're a private superannuation investment company. You know they're going to be directly impacted by the changes, right? Why don't you get an independent economist to comment.
CroweDM Well there aren’t ‘new taxes’ just adjustments to existing ones... the double standards on reporting ALP v Lib policies is blatant and distorting perceptions
CroweDM Oh dear! The rich hate the closing of loopholes that they have exploited over everyday Australians for years. Wake-up Aust closing of loopholes for the rich is a good thing!!LNPsocialgenocide
CroweDM The conceit and hubris of Shorten...bribe interest groups for votes...raise taxes to pay for it. Billy the goat.
CroweDM Policies to remove rorts and distorted dodgy accounting practices. *sigh this isn’t a gotcha moment.
CroweDM I think there is a bit more to this - give us the details please
CroweDM Imagine raising taxes on our superannuation. Hardworking Australians pay enough tax already. Labor will fark our economy again. It’s like clockwork.
CroweDM He will say anything to become PM
CroweDM So confident in victory that they forgot the details.
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Bill Shorten pledge for 'no increased tax' at odds with Labor superannuation policyThe Labor leader appeared to forget about a significant element of his party's superannuation policy. CroweDM you will see Bill's nose growing longer and longer CroweDM He has death duties on his list of must do jobs, but he is staying quiet..... CroweDM BS Bill will say or do anything to get the keys to the Lodge. He is the leader of The Economic Vandals Party.
Source: smh - 🏆 6. / 80 Read more »
Bill Shorten defends Labor tax reform plans | Sky News AustraliaLabor leader Bill Shorten has defended his plan for major changes to the tax system, which the government says amounts to a $387 billion slug on Australians over a decade.\n\nOn the first full day of campaigning ahead of the May 18 election, Treasurer Josh Frydenberg released costings which he said showed Labor wanted to 'stifle aspiration' and damage the economy.\n\nMr Shorten, who campaigned in Sydney, said there were clear economic and social benefits to Labor's plan to overhaul negative gearing and capital gains tax and wind back franking credit refunds.\n\nImage: News Corp Australia \n\n\n\n\n\n\n\n\n AusTaxpayers LNPCorruption Watergate AusTaxpayers What about the countries that don't have these things? Their economies aren't smashed. AusTaxpayers Since Satya is against government waste, what are his thoughts on watergate ? $80m purchase of non-existent water with a Cayman Islands registered company.....
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Bill Shorten defends Labor tax reform plans | Sky News AustraliaLabor leader Bill Shorten has defended his plan for major changes to the tax system, which the government says amounts to a $387 billion slug on Australians over a decade.\n\nOn the first full day of campaigning ahead of the May 18 election, Treasurer Josh Frydenberg released costings which he said showed Labor wanted to 'stifle aspiration' and damage the economy.\n\nMr Shorten, who campaigned in Sydney, said there were clear economic and social benefits to Labor's plan to overhaul negative gearing and capital gains tax and wind back franking credit refunds.\n\nImage: News Corp Australia \n\n\n\n\n\n\n\n\n Again, you're peddling garbage - Phil Gaejtens, the secretary of Treasury, has stated publicly that they DIDN'T cost the policies - this is just an IPA lie campaign. STOP PEDDLING LIES Kodswallop Treasury says it didn't cost Labor's policy because the request from the Treasurer did not reference the 'opposition' per se. (The policies submitted for costing just happened to be eerily similar) auspol
Source: SkyNewsAust - 🏆 7. / 78 Read more »
'Someone's got to pay for the fliers': Bill Shorten lunches with Australia's richest manBill Shorten's closeness to the Pratt family is at odds with his seeming antipathy to those other seriously wealthy Australians, the Murdochs. Hates the top end of town ....yet 'Australia's richest man hosts fundraisers for both the Liberal and Labor parties for the federal campaign.' There. Fixed your title. Cut with the conspiracies SMH. You can't really criticise the DT for the work when you're putting out junk like this. PhillipAdams_1 BarnsGreg Gives Bill a direct line to Donald Trump providing he does not rock the US boat, especially over Assange
Source: smh - 🏆 6. / 80 Read more »
Health in election focus for Bill Shorten | Sky News AustraliaA Labor Government would put $125 million more into cancer research, with Bill Shorten continuing his campaign on health spending as he hit the hustings in Sydney.\n \nThe funding promise will include $20 million to research pancreatic cancer, which has a five year survival rate of less than 10 per cent.\n\nMr Shorten was campaigning in the Liberal-held seat of Bennelong on Friday with the Party's candidate and former Australian Medical Association president Brian Owler.\n\nThe Opposition is also promising billions of dollars to reduce out-of-pocket costs for millions of medical scans, including for cancer.\n\nImage: News Corp Australia billshortenmp Australia’s economy will go straight back into massive debt under labor. billshortenmp Can you trust Labor 2007-13, Labor govt, so poorly were they managing the country's finances, they were reduced to the point where they couldn't put life-saving drugs on to the PBS in 2011 And Remember (Google) Labor denied cash for cancer centre as funds flowed to marginalis
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Side of Bill Shorten we haven’t yet seen.billshortenmp has never been a popular politician, but he could soon be the most powerful. There’s a side to the leader we haven’t yet seen. billshortenmp Pinky panderer. billshortenmp BillShorten9 can’t believe he’s a Collingwood supporter .... there’s a reason to vote or not vote for him if I have ever heard one ☝️ billshortenmp He’s boring, can’t string a sentence together, he’s a disingenuous social climbing fake, he’s incompetent, he’s a union puppet...need I go on
Source: newscomauHQ - 🏆 9. / 77 Read more »
Scott Morrison uses fresh Treasury costings to launch $387 billion tax assault on Bill ShortenScott Morrison will use new Treasury costings to warn Australians of a $387b burden from Labor tax hikes and revenue increases in an incendiary attack after launching the election campaign | CroweDM CroweDM Cool story. CroweDM You mean he's going to keep on LYING, right up until election day. CroweDM Do the Libs have any policies? Or is the Labor Party is the boogeyman the sum of their abilities?
Source: smh - 🏆 6. / 80 Read more »
SBS News @SBSNewsBill Shorten is responding to Scott Morrison announcing the election auspol ausvotes19 Let's start the Medicare lies again hey billshortenmp We won't fall for that again. Why do you always sound like you're reading a script? God I hope you don't get in cause I remember what Kevin 07 did to us and I don't think you're any better! Does everyone remember what happened when Labour were in power last time? It's taken 6 years to fix it! billshortenmp your are only there because you stabbed Rudd and Gillard and Albanese has no spine
Source: SBSNews - 🏆 3. / 89 Read more »
Scott Morrison vs Bill Shorten in a battle for the prime ministershipBorn a year and a day apart and having lived similar political lives, come election day, one will be prime minister and the other's political career might be over. Over four weeks of mind numbing political games with bullshit athletes. No, Labor and the Coalition in battle for government. We do not elect the PM. Libs are great at economics, they are so good they won, now their buddies have all the money and the public are broke...
Source: abcnews - 🏆 5. / 83 Read more »
The tragedy of the 2019 electionA divided electorate is heading to the polls, but a decisive outcome will not necessarily deliver the nation's dearest wish. GMegalogenis jesus, push the status quo much? - i thought it was newscorps job to be 'liberals are kinda bad sometimes, BUT labors reeealllyyy bad and yeah just vote lib' they will keep things kinda samesy... GMegalogenis Zero analysis of policies and determined fixation on personalities. Let the terrible takes begin. GMegalogenis Here we go again, playing the man and not the ball - popular and easy. How about a critique of the Coalition vs. Labor teams and their policies? Not interested? Too hard? Does GMegalogenis realise what irreparable damage another term of Coalition government will do to Australia?
Source: smh - 🏆 6. / 80 Read more »
‘It is a gift’: Bill Shorten hits back on contentious policyIt gives some Australians thousands of dollars every year, but Bill Shorten thinks it is an unnecessary “gift” that needs to be cut back. When you work and invest you should rewarded for this. This is what bill does not understand is you have to govern through incentive. It looked like and sounded like the campaign launch why’s it not the campaign launch? Oh that’s right AustralianLabor would have to pay their travel so let’s have a quasi launch but not call it a launch so we can still bill the tax payer AUSPOL AUSVotes19 Self funded retirees that have worked all their lives to build a nest egg for their retirement shouldn’t have their nest egg taxed. This pisses me off. Let’s go after the oldies, hit them up. It’s freaking disgusting.
Source: newscomauHQ - 🏆 9. / 77 Read more »