SHORTEN Highest Taxing Party in our HISTORY

[cods]

[urlhttps://www.dailytelegraph.com.au/news/nsw/labo ... ec31e39cd1][/url]

Bill Shorten would lead the highest taxing government in Australia’s history, with his policies amounting to a $387 billion tax hit on families and the economy over the next decade.

The figure, which is the equivalent of $5400 on top of every household tax bill, is contained in new Treasury costings that Prime Minister Scott Morrison will seize on.

Labor’s tax hit, which spans across personal income tax, the retiree tax and negative gearing, has previously been estimated by the government to sit at $200 billion, but the latest analysis almost doubles that figure. The increase has been driven partly by Labor ruling out supporting most of the government’s personal ­income tax cuts.
The data estimates that more than two million people in NSW alone would be blocked from planned personal income tax cuts if Labor wins the election, and that a further 159,000 people in the state would be hit by Mr Shorten’s deficit levy. In addition, there would be 300,000 people hit by the retiree tax.

In comments to The Daily Telegraph, Prime Minister Scott Morrison said the Treasury forecasts showed Labor was “unable to manage money and control their spending”.

“The more they spend the more they tax and the more you pay. Australians will pay more under Labor,” he said.

Shadow Treasurer Chris Bowen defended Labor’s tax plans.

“Labor has a plan to reverse the Liberals’ cuts to schools and hospitals and deliver the biggest cancer care package in Australian history. We’re paying for it by making multi­nationals pay their fair share and closing tax loopholes for the top end of town,” he said.


The government will seize on the new costings data today as evidence of a “clear choice” at the election over taxes.

This messaging about lower taxes was at the heart of Mr Morrison’s budget pitch and was again central to his first election press conference.

Mr Morrison made an early morning visit to Government House in Canberra, asking Governor-General Sir Peter Cosgrove to trigger the campaign. He then made a pitch to the nation at 8am.

“You will have a choice ­between a government that is lowering taxes for all Australians, or Bill Shorten’s Labor Party that will impose higher taxes that will weigh down our economy,” Mr Morrison said.

CAR PLAN IS GOING FROM BAD TO NORSE
Norway has been heralded by Labor and Tesla chief executive Elon Musk as the Utopian example of successful electric vehicle policy, but new modelling shows the country is losing $500 million a year subsidising the market.

Electric vehicle sales in the small European country hit 58 per cent of new car sales this year, but those still driving combustion engine cars have been left with the bill.

The tiny country supplements its green initiatives in part through CO2 and roads taxes on fuel which have ­pushed petrol prices to an eye-watering $3 a litre, among the highest in the world.

The average Australian uses 102.5 litres of fuel every month, which costs them $143.5 in total, according to consumer website Canstarblue.

If Australians paid Norwegian rates that figure would rise to $309.55 a month, or an extra $1992 every year in fuel prices. The cost of filling the tank on a Mazda3, the most popular new family vehicle on the market, would jump from $71.40 to $154.02. Any Norwegian wealthy enough to fill an entire Toyota Hilux 80L tank would need $241.

Other costs to taxpayers came from increasing taxation on combustion engine vehicles and offering perks to green drivers, including free parking and full access to bus lanes in some cities.
But other cities took it much further to influence drivers, such as in Oslo, where a toll on gas and diesel cars for entering — and leaving — the capital increased by 74 per cent. It led to a 4000-person protest in 2017.


The Oslo local government then tried to ban all cars from its CBD, which led to even more protests until it backed away from the proposal.

Instead, motorists were just banned from parking anywhere in the CBD.

Labor deputy leader Tanya Plibersek and Tesla chief executive Elon Musk have both pointed to Norway as a case study for Australia’s transport future but both failed to mention the significant economic caveats required for the country’s transition.

“Norway has already ­proven it could be done last month … no question Australia could do this in far fewer than 11 years,” Mr Musk tweeted earlier this week.

Norway also achieved the feat by tapping into the world’s biggest sovereign wealth fund, valued at $1.4 trillion, which was earnt from exporting oil and gas around the world.

The fund still has investments in the mining industry, ties which Norway has promised to slowly sever in a bid to go fully green.




I love it when they quote NORWAY.... who thrive on exporting fossil fuel........if they were truly going GREEN wouldnt they stop SELLING FOSSIL FUEL ABOUT 11 YEARS AGO?

[sprintcyclist]

My Shorten has promised to give away $500M of our money to the UN.
It has to come from our pockets.
The Govt does not pay for anything, we pay for every promise.

[cods]

I dont think ltard believes that for one minute..

he thinks billy has a money tree somewhere.....

I dont think even he believes we have too many rich people left here...

Packer is sure keeping his distance....

[LEFTWINGER supreme]

Hope the liberal party get on board, theyve only been spinning it as 200 billion, 400 sounds much more convincing

[LEFTWINGER supreme]

Labor has a plan to reverse the Liberals’ cuts to schools and hospitals and deliver the biggest cancer care package in Australian history. We’re paying for it by making multi­nationals pay their fair share and closing tax loopholes for the top end of town,” he said.

Hear hear

[sprintcyclist]

we are already one of the least attractive countries in the world to operate a business in.

[Bobby]

My Shorten has promised to give away $500M of our money to the UN.
It has to come from our pockets.
The Govt does not pay for anything, we pay for every promise.

Correction - we borrow more money for every promise.

[sprintcyclist]

My Shorten has promised to give away $500M of our money to the UN.
It has to come from our pockets.
The Govt does not pay for anything, we pay for every promise.

Correction - we borrow more money for every promise.

the pollies borrow the money, we pay for their grandiose actions.

[LEFTWINGER supreme]

The highest taxing government is still drum roll, John Howards

[brian ross]

My Shorten has promised to give away $500M of our money to the UN.
It has to come from our pockets.
The Govt does not pay for anything, we pay for every promise.

Correction - we borrow more money for every promise.

Why aren't you attacking the Tories as well, Bobby? Mmmm? They are making unrealisable promises as well, now aren't they?