Here’s an admission – I rarely read Craig Emerson in the Weekend Australia. Sure, he is lurking there at the bottom of my page but somehow, just somehow, I get distracted.
For some reason, this week’s column caught my eye. Go have a look – read it and weep.
Of course it is the normal stuff – the government is pushing on with world-best practice policies and the opposition is completely incompetent, has no idea about policy and will resemble any Jack the Ripper government Emerson can think of.
One of Emmo’s strategy is to keep repeating figures and hope that make them true. And I particularly love the spin that the government has made budget saving to fund its promises. Que? Que? Que? This would be the government that has racked up more than $160 billion in accumulated deficits. No one thinks this funds promises.
(It’s a bit like saying that I have funded the groceries, just don’t look at the credit card bill, which is now maxed out.)
Here are some howlers from Emmo:
Already we know that the Coalition has a $70 billion budget hole.
The Coalition will also have to return the tax-free threshold to $6000.
Without the mining tax, how will [the Coalition] fund the increase in superannuation from 9 per cent to 12 per cent?
The Australian pople will know from the Gillard goverment where the money is coming from to fund its new policies.
Actually, the government has oversold the change to the taxfree threshold big time by ignoring the removal of the Low Income Tax Threshold. The change made is marginal, because under the previous arrangement that tax-free threshold was effectively just over $16,000 for low income earners. It is probably a reasonable change but one that shouldn’t be oversold.
And don’t you love the idea of the non-revenue generating mining tax funding the superannuation increase? Actually, Emmo, it is only the tax concessions of the unjustified superannuation increase that the government funds – employers must pay the higher SGC in the first instance. And every non-government person I speak to tells me that the iron ore tax -forget coal – will generate virtually no revenue for years, which has more to do with the design of the tax than commodity prices.
I did love this little concession by Emmo:
While the Coalition’s undertaking to submit its policies to the Parliamentary Budget Office is welcome, it will still not answer the question as to where the money is coming from.
Hmmm. But Emmo, you have not answered where you are getting the money from.