The Western Lines

October 15, 2007

Howard’s tax cuts

Filed under: Uncategorized — ralphbuttigieg @ 11:30 am
Howard and Costello today announced 34 billion dollars worth of tax cuts if the get re-elected. Sounds good but its over 5 years, so how much of that is simply returning funds gained through bracket creep? As the Liberty & Democracy Party video below shows the coalition has hardly been a low tax government.

Sadly the Labor Party are not likely to do any better and a minor party like the LDP has bugger all chance of even getting elected let alone having any real influence. However I do like their 30/30 flat tax proposal. If you really want to simplify the tax system then a single rate tax makes a lot of sense. John Humphreys wrote a paper on the proposal some time ago.

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