Costello on the money

The Daily Telegraph (Sydney) - - Letters -

It’s good to hear former trea­surer Peter Costello com­ing out ver­bally swing­ing against Bill Shorten’s pro­posed at­tack to dou­ble-tax frank­ing cred­its, which will in­di­rectly af­fect all Aus­tralians through their su­per­an­nu­a­tion.

But where was Mr Costello when Mal­colm Turn­bull and Scott Mor­ri­son brought in their pol­icy of cap­ping and chang­ing the con­di­tions in su­per­an­nu­a­tion to de­fraud fru­gal re­tirees and pen­sion­ers?

There was a pub­lic out­cry then which was ig­nored by former and present politi­cians.

It’s lu­di­crous for each po­lit­i­cal party try­ing to gain the higher eco­nomic ground over the other, when they have both made a mess of the orig­i­nal leg­is­la­tion, which was to re­main sta­ble for the fu­ture of all tax­pay­ers.

Every­thing was on the ta­ble to be looked at for the Ab­bott/Hockey tax re­form, but any changes to su­per­an­nu­a­tion was off lim­its. That did not re­main the sta­tus quo un­der Turn­bull/Mor­ri­son.

We now have both Lib­eral and La­bor in­dulging in a lazy grab at sav­ings, and call­ing it tax re­form.

Tina, Tug­gerah

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