A strange comment in The Australian this morning:
Labor’s position on the $700 million a year in income tax cuts is base political hypocrisy.
These tax cuts were dumped by Julia Gillard and Wayne Swan in May last year on the eve of Labor’s last budget.
They had been intended as a second round of minor compensation next year under original plans for the carbon price to reach $29 a tonne.
But Labor said they were not needed as an expected 0.2 per cent rise in prices was not going to happen. Labor dropped the tax cut, booked the saving in its budget but never got around to doing the paper work.
Never got around to the paperwork? That’s the legislation – the law of the land.
Now I’m happy to believe that the government is a bit frustrated – but failing to cancel a scheduled tax cut and then bleating about it isn’t a good look for a government that has low taxes in its DNA – or something.
Here is the thing; the tax cuts were not dumped by Julia Gillard and Wayne Swan – like everything else that duo (and Rudd for that matter) got up to, they simply made an announcement and then expected things to happen by magic. Like they announced a budget surplus. Alternatively, they set up an ambush for an incoming Abbott government, leaving it with the odium of repealing a tax cut.