Word: taxed
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...incumbents are pussycats. On Sept. 10, the Commonwealth Treasury and Finance Department, under the charter of Budget honesty, released an up-to-date fiscal and economic outlook to assist the parties in making their election pitches and giving voters a true sense of current economic settings. Tax revenues are healthy, due to employment growth and company profits. The major parties may be tempted to send some of the cash surplus (expected to be $A25 billion over the four years to 2007-08) back to taxpayers to win key blocs of voters...
...wild ride of the Hawke-Keating years is that Latham will be forced to eat up much of this campaign pleading the case that Labor can be trusted with managing the money. Howard and Costello can continue spending taxpayer funds - outbidding Labor on health spending or tax cuts - and not carry the stain of profligacy. Appearing as a pale imitation of his former self, Latham signed a low-interest-rate guarantee a few days into the campaign. The stunt reeked of the forlorn Crean years and brought gleeful ridicule from the government. Who will have the discipline to make...
...Labor will look after them. Perhaps Latham's toughest job will be getting the most comfortable Australians to believe that his "ladder of opportunity" won't be erected at their expense. Although it's probably too late for people to get their heads around it, Latham's family and tax policy, released on Sept. 7, has many worthwhile features - and several that are hard to fathom. There's a mix of tax bribes to middle-income families as well as tax and welfare reforms designed to provide greater incentives to work. "Rewarding Hard Work," as the package is called...
BUSH In response to criticism of the mushrooming budget deficit, Bush's chief economic adviser, Gregory Mankiw, acknowledges that the tax cuts, along with spending on homeland security, have dug a hole. "The deficit is unwelcome but understandable," he says. Mankiw says that further tax breaks will be offset by cuts in spending. He vows that this fiscal discipline and economic growth will halve the deficit in five years...
...candidate with a "positive plan for the future." The Kerry consultants, who actually believe this claptrap and have zero sense of political theater, sound like a bunch of low-budget Ginzu-knife salesmen when they represent their candidate on television: We're offering you a $4,000 college-tuition tax credit and--for no extra charge--a $1,000 reduction in your health-care costs! They also seem to believe this election isn't about the most important decision Bush has made: to go to war in Iraq. Kerry's adherence to that strategy--including the robotic repetition...