Labor wants to ‘let rip’ on taxes: PM

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Even if a Labor government adopted the Coalition’s tax cap, it would not be breached over the next four years, Jim Chalmers says.

but Mr Morrison argued Labor wanted a licence to “let it rip” on tax by removing an “incredibly important safeguard” that was effectively a speed limit on taxes.“I put the brake on taxes, I put the limit on taxes on when I was treasurer and that was based on clear advice from Treasury,” the Prime Minister said.“We needed to ensure that taxes did not rise in this country, which would slow down growth and would cost jobs.Chalmers wants to let taxes rip, he wants a no-limit tax policy.

He noted last week’s federal budget forecast the tax-to-GDP ratio would not exceed 22.9 per cent of GDP over the next four years, and that, he said, would remain the case should Labor win the election.“We’ve said we don’t have proposals for tax changes beyond multinationals. We’ve said that repeatedly now. The government is desperate to talk about the Labor Party because they are so bereft of any ideas about the future.

But the Labor HQ directive stipulates that the only transcripts to be issued will be those of Opposition Leader Anthony Albanese and the official campaign spokespeople, “with a few limited exceptions”.

 

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Then we shouldn't spend more than 23%. Except we are spending 26% next year & that is down on the past 3 years.

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