Joe Hockey is promising, again, to cut tax sometime in the future.
Mr Hockey will indicate that tax cuts will have to be financed with further budget savings.
“The government is committed to reducing income taxes,” he will say. “All the evidence points to the need for this. If we want stronger growth, this is the path we must be prepared to take.
“But we still have a budget to balance — we still have a budget to repair … It will be managed through continued discipline on spending decisions.”
It’s hard to get excited about comments like that. After all Hockey is now promising what his first budget speech was supposed to do.