The Age reports:
Labor has warned a “deficit levy” would define Tony Abbott as a Prime Minister if he pursued the new tax and says the government was paying the price for the “deceitful, voodoo economics” of its election campaign.
Mr Abbott has not ruled out a short-term tax on high incomes to reduce Australia’s deficit, as the opposition accused the the Coalition of preparing to break an election promise of no new taxes.
So Australian Labor is saying the Government should not increase taxes on high income earners, while the Coalition is considering doing just that.
On this issue, I am of course with Australian Labor. Labor may have left the Coalition a huge deficit, but they solution is not increasing taxes. It is restraining spending.