Abbott expects greater “respect” when tax hikes hit
******A STUNNING GUTTER TRASH EXCLUSIVE PROBE REPORT INVESTIGATION!!!******
- Tony Abbott to introduce a debt levy for “the good of Australia!”
- The people expected to rejoice!!
- Abbott expects greater respect from budget measures!
Citizens rejoice! After promising to be a “government on no surprises,” the Abbott government has signaled spending cuts to the ABC, SBS, changes to Medicare, and the Aged Pension, and today will call on Australians to pay more taxes for “the good of the country.”
“I know that the tendency on budget night is to focus on ‘what’s happening to me’ but we need to focus on ‘what’s happening to us’ because everyone needs to be involved in fixing Labor’s debt mess if all of us are to prosper in the years ahead,” says Tony Abbott is a leaked speech obtained by The Gutter Trash.
The speech, expected to be delivered tonight, will slug ordinary Australians with a so-called “debt levy” to pay down government debt.
“This will not be a budget for the rich or the poor; it will be a budget for the country.
“This will be a nation-building budget, even though it cuts spending, because you can’t build a nation spending money you don’t have and that’s more than you need to borrow.”
A FISCAL DISASTER!
Yesterday, when asked about reports the Government was considering a temporary levy to pay off the deficit, Mr Abbott said the Government would “tackle the fiscal disaster that we have inherited”.
“It’s important that the mess be tackled,” he added.
“Now, we are going to do it in ways which are faithful to the commitments that we made to the Australian people, but we are not going to squib the challenge.”
The reports said any new debt tax would target high-income earners and Mr Abbott said any measure the Government took would be “fair”.
The Federal Opposition seized on the leaked speech accusing the Coalition of breaking yet another election promise.
Opposition treasury spokesman Chris Bowen says such levies should be for “genuine unexpected emergencies” and fixing the deficit “falls a long way short”.
“Joe Hockey has deliberately inflated the budget deficit and is now asking the Australian people to pay for it in a clear breach – a clear breach – of an election promise that there’d be no new taxes,” he told The Gutter Trash.
Mr Bowen said Labor supported returning the budget to surplus but only “gradually and over time without swingeing cuts that would affect confidence”.
“This is the deceitful, voodoo economics of Tony Abbott and Joe Hockey from before the election catching up with them.”
INDUSTRY GROUPS SLAM ABBOTT’S PLAN
One of the country’s leading business organisations, the Australian Industry Group, has cautioned the Government to be “very wary” of bringing in a tax to pay off debt.
“Raising taxes would dampen private sector demand at a time when the economy is growing at below trend and the labour market is flat at best,” AIG chief executive Innes Willox said.
“You can’t tax your way to prosperity.”
Mr Abbott’s speech tonight – due at 9:00pm (AEST) – further signals that the budget will include measures that hit taxpayers in the hip pocket.
“We owe it to our country; we owe it to everyone who elected a government to clean up Labor’s mess; to take the right decisions rather than the popular ones,” he will say.
“I don’t expect politicians to be more popular the day after the budget but I hope that we might have earned a little more respect.”