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No tax cuts in the August budget



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D d h / t i d

PRESS RELEASE BY THE HON. JOHN HOWARD, M.P., SHADOW TREASURER

51 '

NO TAX CUTS IN THE AUGUST BUDGET

The Prime Minister's statement that there will be no tax cuts in the August budget represents yet another broken promise.

Almost all of the promises on which the Labor Party was elected have now been broken and the Government has been in office a bare 100 days.

Tax cuts in the next budget have never been affordable. The Liberal and National parties knew that. Mr. Hawke knew that.

The difference is that we made no promises to reduce tax, but Mr. Hawke did.

I have believed for some time that the August budget will contain tax increases. Significantly, Mr. Hawke did not rule out the possibility of increases in taxation.

The Prime Minister's professed concern for the impact of big deficits on interest rates is welcome, however belated it might be. It contrasts sharply with his cavalier approach to the budget deficit during the

election campaign.

It must also be said that Mr. Hawke has chosen a strange forum at which to make such an important domestic political announcement.

Canberra/Sydney 17 June 1983