The Australian LIEberal Party.....hellbent on public deception since August 31st 1945......... Better economic managers MY ARSE....a bunch of snake-oil salesmen dressed up in sharp suits and blue ties is closer to the TRUTH........but we dont want any pesky FACTS to get in the way do we sloppy joe........ Little-by-little, inch-by-inch, the common misconception that the Howard/Costello Government were fiscal superheroes is unravelling and the truth is being revealed............ The budget office says more than two-thirds of the initial five percentage point decline in structural revenue was caused by the cumulative effect of the six tax cuts in a row delivered or promised by Costello… A further quarter of the five points, the office tells us, results from a decline in excise receipts, caused [mainly] by Costello’s decision to end the indexation of petrol excise in the 2001… The Libs keep saying the problem is Labor’s unrestrained spending but, in fact, it’s almost all on the tax side. The tax weakness arises overwhelmingly from Costello’s eight delivered or promised tax cuts. macrobusiness.au/…/the-secret-of-the-howard…/
Posted on: Sat, 17 Jan 2015 03:16:54 +0000