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Costello baulks at tax cuts.



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Media Release

BOB McMULLAN MP SHADOW TREASURER SHADOW MINISTER FOR THE ARTS

MEMBER FOR FRASER

15 April 2003

COSTELLO BAULKS AT TAX CUTS

The suggestion today by the Treasurer, Peter Costello, that his next efforts at tax reform would be to encourage the states to remove the bank accounts debits tax, is laughable.

Mr Costello should admit that his is the highest taxing government in Australian history, with a fetish for new levies and charges.

He should hand some of the money back. He should deliver tax cuts in next month’s Budget, targeted to low and middle income families.

It is Mr Costello’s Budget. It is up to him to deliver tax reform, not pass the buck to the states. He can’t use the states or the Senate as an excuse for his own inaction.

Mr Costello also claimed yesterday Labor had voted against tax cuts in the Senate. Like so many things he says, this is simply untrue.

Labor did not oppose any of the compensation measures in the tax package, including income tax cuts. It was John Howard who made a deal with then Democrats leader Senator Lees to reduce his own income tax cuts.

Labor strongly opposed the GST, but at no stage did Labor oppose tax cuts in the Senate. Mr Costello should check his facts, and start telling the truth instead of blaming Labor for his failure to deliver tax cuts now.

Further information: Robert Garran (02) 6277 4803, 0419 692 504

TELEPHONE: (02) 6277 4803 ã FACSIMILE: (02) 6277 8496