BILL WEARS HIS SANTA CLAUS HAT

The Sunday Telegraph (Sydney) - - OPINION -

If you lis­ten to Bill Shorten’s Bud­get re­ply, he was be­ing Santa Claus to every­one in every field.

I don’t think he missed any­one. This is noth­ing but po­lit­i­cal op­por­tunism. What he failed to say was that his poli­cies would take in ex­cess of $158 bil­lion out of the econ­omy by sti­fling the com­mu­nity with ad­di­tional taxes, in­clud­ing the loss of cap­i­tal gains, loss of im­pu­ta­tion credit re­fund on shares, loss of neg­a­tive gear­ing on prop­erty, ad­di­tional taxes on su­per­an­nu­a­tion and a top mar­ginal rate in ex­cess of 49.5 per cent. If you take this quan­tum of money out of the econ­omy, it will sti­fle growth and in­vest­ment, which are vi­tal for job cre­ation.

JOSEPH ON­LINE COM­MENT

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