By Andrew Bolt ~
Originally, former Prime Minister Tony Abbott introduced this Deficit Levy to help to pay down the huge Australian Debt associated with the borrowings associated with former Governments led by the Labor Party, which have given Australia a huge Deficit. Now, the Labor Party wants to use that money, not to pay down that huge debt, but to help fund the promises it makes in this election campaign, and to then extend that levy out for a further ten years…..TonyfromOz.
Deficit? What deficit? The Labor Party Leader Bill Shorten seems to have forgotten that Labor struggles to win elections if voters think it can’t be trusted with our money:
Bill Shorten intervened yesterday to commit Labor to keeping the 2 per cent deficit levy for a decade — and not use the proceeds to pay down debt…
The Opposition Leader said revenue raised from the deficit levy — an impost introduced by Tony Abbott as a temporary measure until mid-2017 on those earning more than $180,000 — would be used to help fund Labor ”priorities”.
Andrew Bolt writes for the Herald Sun, Daily Telegraph, and The Advertiser and runs Australia’s most-read political blog. On week nights he hosts The Bolt Report on Sky News at 7pm and his Macquarie Radio show at 8pm with Steve Price.