They also go a long way to explaining the controversial deficit levy — now to hit only people earning more than $180,000, and only for three years not the original four.
Frankly, the levy — and the return of fuel excise indexation — are not fiscally worth the political pain they’ve generated. Or the media hype.
Together, they’ll contribute less than $2 billion a year in a budget of over $400 billion — and then the levy disappears anyway. At least, we hope. It must.
Terry and I keep threatening to do lunch. When we do, first round is on him.