Labour and Tax

I got sent this article about an Australian Labor MP proposing significant tax cuts. This is not unusual. Left wing Governments around the world have cut tax rates when they have a significant surplus.

If lose this election, they will only have their own greed to blame for it. If they had agreed to even a modest amount of tax cuts – say $1.5 billion annually or so, then they might be unassailable. The anger at their budget was immense.

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