Big talk, no action

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.

This entry was posted in Budget, Federal Politics, Taxation. Bookmark the permalink.

45 Responses to Big talk, no action

  1. mundi

    He has promised to take any changes… to the next election.

  2. Alex Davidson

    I simply don’t believe him. They will P.R.O.M.I.S.E to reduce income tax in a desperate attempt to get re-elected, then as soon as they are, the first order of business will be an excuse to increase taxes instead.

    If they were serious, they would reduce taxes now, before the election, to show they mean what they say.

  3. Mike of Marion

    From the OT

    Let Abbott take “personal tax cuts” to the election.

    The proposition will be treated by the sane voters the same way we will judge his ‘repeal’ of 18c.

    Total and utter BS.

  4. Rabz

    Agreed – they’re panicking as their re-election prospects vanish.

  5. Tom

    Hey fatso! This is what you get for lying to us about wanting smaller government when you planned all along to embiggen it*. Cut taxes??? Hahahahahahahaha!!! As if.

    Do you understand yet?

    OK, I’ll explain.

    No-one fucking believes you. And they wouldn’t trust you as far as a trebuchet could throw you.

    *Last Liars budget in 2013-14: $413.8 billion. 2014-15 budget: $434.5 billion (26.2% of GDP — up 1.7pp)

  6. Fisky

    “The government is committed to reducing income taxes,” he will say.

    Lying c*nt.

  7. JC

    Lol… Hockey promising a tax cut is like him promising not to devour a plate of chips. Bullshit.

  8. Derp

    I simply don’t believe him

    Me neither.
    The man lies and then compounds it with condescending bromides.

  9. Just interested

    Nuh. Just nuh.

  10. Andrew

    People remember this from a couple of weeks ago?

    The Federal Government is reportedly considering an increase to the Medicare levy to fund the budget blowout, which would see the average working family forced to pay an extra $2000 in tax annually.

    The suggestion was reportedly made by the Labor states as an alternative to increasing the GST, and would raise $13.8 billion annually,

    …..
    A doubling of the levy would push Australia’s effective top income tax rate to 51 percent, moving it to the top five income tax rates in the world.

    Read more at http://www.9news.com.au/national/2015/08/04/15/14/federal-government-considering-ditching-gst-increase-and-doubling-medicare-levy-instead#TvPboDCYqOIAYmwK.99

    I think we know tax increases are more likely that any of Hockey’s talk of tax cuts.

  11. Infidel Tiger

    I note that he says they will be taking the “option” of income taxes to the election.

    I guess that will be like th emotion of section 18c, reduced spending, low taxes and balanced budgets.

    My bet is that option of reduced income taxes is tied to a 15% GST.

  12. Chris M

    Hey look, some shiny beads!

  13. Andrew

    Three weeks ago they were talking about income tax rises…I wouldn’t bet on any tax cuts.

    http://www.9news.com.au/national/2015/08/04/15/14/federal-government-considering-ditching-gst-increase-and-doubling-medicare-levy-instead?utm_source=twitterfeed&utm_medium=twitter

    [For some reason when I first posted this, it didn’t appear, just FYI]

  14. Tom

    I note that he says they will be taking the “option” of income taxes to the election.

    LOL. Just like the Liars’ new “option” of turning back the boats.

  15. H B Bear

    Sloppy loves talking about tax cuts. He has been doing it for years.

  16. Memoryvault

    Woww! Who said the LNP were dead meat?
    What a brilliant election strategy!
    “If elected your LNP government will
    * – Reduce taxes
    * – Reduce government expenditure
    * – Cut red and green tape
    * – Repeal 18c.”

    Pure political genius. Why didn’t anybody think of it before?

  17. thefrollickingmole

    Im prepared to give them the “option”* of my vote at the next election.

    * In the lower unboko-ubboko region of sub Saharan Africa there in a little known sub-dialect where, believe it or not “Option” translates to a word to obscene to translate involving staples, a fat mans stomach and a pack of wild hyenas.

  18. stackja

    Again ALP just wants more taxes to waste. What about ALP? Why this obsession with non-ALP?

  19. Alex Davidson

    Overall taxation in Australia has never been higher. It is at an extreme. If common theft was occurring at this sort of rate, it would be anarchy.

    If they chose to do so, Hockey & Co. could use these points to make an unarguable case for dramatically reducing taxes and the size of government. The fact that they won’t says it all. It shows that the political class are all in it together. Having disarmed us, they are now at war with the remaining producers, plucking and plundering to the point where they drive away the very people we need most.

  20. Makka

    “It will be managed through continued discipline on spending decisions.”

    LOL. Pull the other one Joe. Sorry mate, you liars are not getting my vote. It’s been exasperating enough watch you squander my last one.

  21. Lem

    I see Hockey has realised the last remaining taxpayers are headed for NZ. He has been reading our blog posts, Habib.

    You are a big fat lying bastard, Joe, and your mate Abbott is a weirdo with a tin ear. The both of you have zero chance of leading the Libs to another victory. We may as well let the Liars bankrupt us asap and get it over and done with. Don’t expect another donation from me for your embezzlers.

    I’ll be watching from Queenstown.

  22. Gab

    Swan – there will be a budget surplus under Labor government.

    Hockey – there will be tax cuts under Liberal government.

    Both telling lies.

  23. Lem

    Hockey: Confident about global outlook.
    Shanghai composite sheds 5.6%.
    Bluescope: 5000 jobs may go
    Oil breaks $40.
    Fortesecue profit sinks 88%.

    I could go on, but I have to have lunch.

  24. maurie

    Well if the CFMEU is back handing the Greens to deny any legislation in the senate & TA lacks the balls to call a double D what exactly do you expect?

  25. Fred

    I gave up on the Libs at the last Victorian state election. Shooters and Fishers party for me.

  26. Lem

    I’ll be voting NZ conservatives, as I will be living in a proper country.

  27. stevem

    They’ve not been able to get any of their spending cuts through a hostile Senate, leaving sweeping Tax cuts as an impossible task. Should they win the next election, they may well have control of the Senate (as most 2nd term governments do). That would permit the deep spending cuts required and permit some adjustment to income tax thresholds.
    Labor on the other hand, seem to be committing to yet mode lavish spending on pet causes.

  28. Memoryvault

    I gave up on the Libs at the last Victorian state election.
    Shooters and Fishers party for me.

    And when they are eliminated in the counting, where do their preferences go?

  29. Memoryvault

    They’ve not been able to get any of their spending cuts through a hostile Senate,

    Examples?

  30. outsider

    Hockey is an unconscionable fool.

    NZ better get prepared for a influx of some magnitude. These things have a habit of snowballing, as each person is at a different point in the decision making process. But seriously, what does Australia offer non-leftists, the productives in society? Certainly not a future many care to witness first hand. And it’s closer to the eastern seaboard than is Perth. Lots of clean air, easy travel, real mountains, winter/water sports, friendly safe society, relative freedom from scumbags. No snakes, not many Salims, I’d wager – they’d find it harder to hide over there. I still remember the Rainbow Warrior episode. Less PC too, kiwis have the larrikin element that the Left washed away here. Best of all, politicians with guts.

  31. John Comnenus

    The only hope for Abbott is to:

    1. Admit that he lied in the first budget – ie he broke numerous promises
    2. Admit that lying was wrong and a mistake
    3. Get rid of the biggest liars and incompetents from the first term – ie Hockey and Cormann,
    4. Put some competent people into the fiscal portfolios who have a track record of success – ie Morrison
    5. Apologise profusely to the base for points 1-4
    6. Offer to stand aside by the second budget if he doesn’t introduce significant personal tax cuts by the 2nd budget of a second term.

    If Abbott does all of this – I might consider voting LNP. But quite frankly I don’t believe Abbott and Hockey – they have spent the whole first term raising taxes because they won’t touch spending. Why will they do in term 2 what they wouldn’t in term 1? Abbott is starting a hell of a long way behind the pack.

  32. Lem

    Hockey, that great bloated fool, was quoted this morning as being quite confident in the global economy. Meantime, the chinese stock market bubble has completely burst, any indicators that you might like to mention indicate deflation in the real economy, and I would say the Australian property market in the big cities is about to go bang.

    Where’s my passport.

  33. Ragu

    Where’s my passport.

    Don’t leave. The coming Shorten reign has promised that Australia will become the high wage, high growth powerhouse of the South Western Pacific specialising in health, education and regulation.

  34. Lloyd Dobler

    I think it’s an inspired announcement by Kevin Rudds former trekking partner. The average Australuan worker/battler/master of his own destiny is going to need more cash when Interest Rates start their steady climb as of next month.

    Duuuuhhhhhh.

  35. Ez

    Joe Hockey, enemy of red tape, should roll out Bluescope Chief Exec Paul O’Malley for a character reference:

    To appreciate how hard it is to reduce the cost base, consider that every time management attempts to push the cost envelope through changing the way people work, the company is dragged before the Fair Work Commission.

    As O’Malley has told me in the past, his people (have) been called to the Commission over 100 times in the past two years alone to justify work place twiddles in the name of productivity.

  36. strange

    “No-one fucking believes you. And they wouldn’t trust you as far as a trebuchet could throw you.”

    Unfortunately, too many people believed the fairy tales (outright lies) from good old Joe and Tones in the lead up to the 2013 election, including all the coalition cheerleaders on catallaxy. Bummer, eh?

    “As O’Malley has told me in the past, his people (have) been called to the Commission over 100 times in the past two years alone to justify work place twiddles in the name of productivity.” The exchange rate has fallen from $1.10 to 73c in that time, not to mention a fall in the price of iron ore and coking coal, and in a capital intensive business they still can’t make a profit? Too easy to simply blame the workers,

  37. Squirrel

    With the Budget already in trouble, the idea of funding plausible, sustainable and worthwhile tax cuts through spending cuts, or unfunded/under-funded transfers of functions to States is pure fantasy – no hope, whatsoever, in the Senate.

    At best, this is a cunning plan to give voters a choice between more borrowing to fund growing welfare, or more borrowing to fund tax cuts (and to hell with the credit rating).

  38. AP

    Judge him by his actions not his Words.

  39. Tom

    Unfortunately, too many people believed the fairy tales (outright lies) from good old Joe and Tones in the lead up to the 2013 election, including all the coalition cheerleaders on catallaxy. Bummer, eh?

    Bugger. How could we have made such a beginner’s mistake. The Liars-swampfilth regime is the natural pardee of small government and personal freedom.

    Gee, the trolling’s improved here, hasn’t it?

  40. rebel with cause

    Don’t know about others, but a popular discussion in the staff room at my work most days of the week is ways to reduce your tax burden. Employees at all levels are talking. Everyone fed up with how much income tax they pay.

  41. Should they win the next election, they may well have control of the Senate (as most 2nd term governments do).

    That’s a bloody big ‘if’, Stevem. Amongst my friends, about 80% of the Liberal voters are so disgusted with the Libs, they either won’t vote or will vote a minor party ticket. The ones who won’t vote will be going by the ‘informal’ route – they know the Libs will analyse the results and see the informal vote percentage rise, and some of the lean and hungry Libs will challenge TA if he doesn’t resign over one of the biggest thrashings seen outside Fred Brophys Tent at the Birdsville Races. The mood out there is bloody. I would be betting this government will lose at a phenomonal pace.

  42. And when they are eliminated in the counting, where do their preferences go?

    With all due respect, Memoryvault, you are assuming the Shooters and Fishers Party won’t get in. Preferences don’t matter if you win.

  43. Infidel Tiger

    Unfortunately, too many people believed the fairy tales (outright lies) from good old Joe and Tones in the lead up to the 2013 election, including all the coalition cheerleaders on catallaxy. Bummer, eh?

    Show us the links to this so called support or prepare to be struck furiously with an Indian Runner.

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