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Thursday, 17 February 1977


Mr LYNCH -The Government certainly has looked at all the proposals which have been put forward, and in particular the proposal emanating from the Opposition that indirect taxes ought to be cut to reduce inflation at a cost of $400m for each percentage point. No doubt the Leader of the Opposition believes that inflation can be reduced by 10 per cent and paid for by a $4 billion overseas loan, but calls for tax cuts are strange coming from an Opposition Leader who is on the record not so very long ago as describing such calls as amounting to no more or no less than economic vandalism. They are even stranger when it is remembered that it was his Government that increased indirect taxes in each of its 3 Budgets. All Australians will recall the massive increases in the rates of indirect taxes in Labor's last Budget when the man in the street was hit to leg by steep rises in taxes on cigarettes, beer, spirits and petrol. Against the background of the record of the Leader of the Opposition I say that his proposals for cuts in indirect taxes amount to no more than humbug and hypocrisy.







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