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Latrobe/Holt rally



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Yornr choice in this election is clear cut. Do you want our . policies of development and confidence, oar policies of success? Or do you want labor’s policies of futility and fear# their, policies of failure?

Our policies axe succeeding - ’ they are ready to take Australis into a new period of prosperity and achievement.* W e ’re doing the job we-ware elected to do. ■ ■ . '

Me promised to reduce inflations w e ’ve broken its back · * * · inflation is 9% and falling. We" promised to end Labor’s ■

extravagances Labor’s deficits have been halved, we promised to get Australia on the move: $6*600 million of new investment . projects are underway or ready to go. . '

Interest .rates- are cosing down* In' the next 12 wsatbs they- ctmld be reduced by as much as 21. This will save tbe^-average young couple buying a new hos$e $10 a week * * - $520 a year.

Me promised to end Labor's tax ripoff»-'. Everyone’s taxes- h a v e — --"· been cut by tax indexation. They will be cut again in February* These tax cuts are fair* People on average earnings of $10,000 a year will pay a marginal rate of tax of only 32 cents in the dollar. Under the Hayden scales it was 45 cents. Prom-February» 1

it will be 32 cents right up to $16,000. These tax scales make it worth working overtime again. . .. ·

. These tax cuts are substantial, over 90% of taxpayers will pay less than one quarter of their incomes in tax. These "tax cuts are a significant social reform. A quarter of a million low income earners, tens of thousands of pensioners, widows and students, with taxable incomes.under $3,750 per year,· will no longer pay any tax at all. Labor forgot about these groups

W e ’ve got the real -answer to unemployment* invastimnt, that means t jobs. Getting interest, rates down., that means jobs. Restraining ; Government expend it .ure; / that Beans jobs. 'Cutting taxes, that ; means jobs. y :

The First of February tax cuts just two months away will increase \ people’s income -and inject $26.7 million a week into the economy. } Because we have reduced inflation the - tax cuts will, create more

lobs. Because people, can spend more our factories will have to produce more. - - .

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There will be demand for more employees and we ere spending· $100 million on job assistance and training schemes which will especially help young people learn new skills, These'schemes are helping the unemployed into real jobs - jobs that they ,

cen keep, These.schemes:have helped over 120#000 peoole already' and they are constantly being improved and extended. * The" aikier* forecasts the Government·has before it show that under our policies · job opportunities will expand. . Prom February, unemployment will fall and keep falling. What does Labor promise? .

Labor promises the moon,What are Labor1s promises worth - nothing.

In his 1972 policy speech, Mr. Whitl&m promised and 1 quote his ‘ exact words:· "Labor\s first priority will be to restore genuine full employment — without hedging# without qualification. *

In his 1574 policy speech Mr. Whitlas said:. promised to restore · ' full employment - we have restored, it *.. in' Australia alone# use^oiov? and inflation do not march side by side,*5 . :

What a bare faced effrontery. This from a government that increased .unemployment by almost 200,000· in one year alone, that pushed inflation up to 19% in' the second half of. 1974. The Australian- people w o n ’t ever be fooled again by Mr. Mhitl-aH·. With his policy

speech lying in ruins, unde m i n e d by his own isenageri® of. economic ' spokesmen# and panicked by the weekend opinion polls, Mr. Whitla» is going for broke. . . . ;

Mis political tactics have always been crash through or crash,. .Well I if you are anywhere in the vicinity next Saturday stand back. There \ will be bits of his Labor Party, flying all over, the place* Mr, l&i/tlsj doesn’t give Australians any credit, at all for judgeaeat or ' j

coassonsense. Be doesn^t think, they can see through the eost trefcapare deceptions, ' ' " " " "

Yesterday, Mr, Hhitlam claimed -that Labor would reduce -unemployment .by at least 100,000 people, But only a few days 'earlier Mr, Hayden had claimed that Labor would, reduce unenf>loyment by one half of one | percent, that is 30,000 people.

Mr, Whitlass has magically created 70,000 jobs, with just a stroke of his speechwriter’s pen. Yesterday Mr. Whitlass said Labor would · reduce inflation by 5% in the next twelve -months, But· -in his policy speech he claimed Labor would reduce it by 2%, Hie speech writers had · been at if again:. ' . · ' ' ' ' . . . j

You know that speech writer wrote a biography of Mr, W i t lea called j "A Certain Grandeur". i think that "A Certain Delusion of Grandeur* | would have .been & core appropriate title, . . i

Mr . whitlam wants a massive 'increase .in· personal income tax, a return1 to the old roigh marginal tax rates, A "crash" spending programs j would run at a rate of $1600 million a year, over· · twc-thi'rda of our ; present deficit. We all know what large deficits do. tfe all found j out under Labor. They increase inflation; they increase interest | rates; they increase unemployment, But on top of that#· he has‘an . i

infinity, of promises worth billions, of dollars that he hasn’t, even : bothered costing, And he wants full.wage indexation, , .

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He has no anti-inflation strategy - his big spending, high tax, high j wage approach would increase interest rates again. Labor*s ;

extravagance would blow the embers of inflation, into the biggest . ! economic bushfire Australia has ever seen. Bis economic busbfire | would consi$me the jobs and the savings of Australia. It .would ' entirely burn out the foundations of growth and prosperity we have j built. Given another chance, Mr, Whitlam would make the years '

.1972-1975 look like a picnic. Mr. Whit lam would actually increase { taxes. Labor would recall Parliament to repeal our February fax ; cut reforms. To pay for the abolition of payroll tax# Labour would ; have to increase; .personal taxes by $850.million this year - $1900 ; million next. Labor's payroll tax scheme would not create employment.j

Within days of Mr.· Whit-lam’s policy speech, a survey of. major employers found that not one company forecast any increase in staff numbers if payroll tax were lifted, Yet Labor should not be surprised. The Premier of South Australia, Mr, Dunstan, made it clear in September that he had tried a payroll remission scheme, . and that it had failed. Only the present members of the Labor Party would seriously put forward a·plan to rip huge sums in taxes from

ordinary Australians and use them to pay big companies, 1 ask the working men and women of Austral ia - do you warn*: - to give '$6 a week to your company because that"’s where it would go - and no jobs would be created. The companies have said so, !

Let5s look at what some of the big companies would get:

UTAH . $ 2 MILLION

CKA $10 MILLION

BHP $33 MILLION

ΜΪΜ $ 4.5 MILLION

CSR $ 8 MILLION

b a n k o f NSW $11 MILLION

FORD $ 7 MILLION

ACT $11 MILLION

DUNLOP $11 - $13 MILLION

GENERAL MOTORS $10 MILLION

Labor’s policies are ...a-, sure-fire recipe for economic disaster, more unemployment·, higher inflation, higher wages - with lower investment . and business confidence, Mr, Mbitjam hasn’t changed, the Labor Party hasn’t changed, Mo wonder a survey of 244 Victorian J&acufacfcurer

last Friday showed that manufacturers overwhelmingly felt the return of a Labor administration would have adverse effects on their |

business. Small firms, with less than 100 employees# had.the least j confidence in a Labor government, Compared with a similar survey j during, the 1975 election, there i s .even less confidence in Labor now . I than there was then. Labor’s confusion and socialist, ideology would be disastrous for business confidence, disastrous for getting jobs. j

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AND IT'S NOT mJST THAT MB WBITEAM'S PAYROLL TAX p r o p o s a l d o e s n o o n e a n y g o o d .

IT’S NOT JUST THAT IT WOULD TAKE BILLIONS OP DOLLARS OUT OP THE HINDS OP THE "WORKING MEN AND Y?QMM OF AUSTRALIA, AND PUT IT INTO THE BANDS OP LARGE AND PROFITABLE COMPANIES IT WOULD NOT PROVIDE ANY STIMULUS TO THE ECONOMY.

IT "WOULD DAMAGE SMALL BUSINESSES THAT ARE ALREADY EXEMPT PROM PAYROLL TAX. THEY WOULD BE AT A DISADVANTAGE COMPARED WITH THE BIG COMPANIES. AND THEY WOULD HAVE TO BEAR THE ADDITIONAL BURDEN OP LABORS POLICY OF PULL WAGE INDEXATION.

LABOR SIMPLY DID NOT THINK THIS SCHEME THROUGH.

THEIR MASSIVE EXPENDITURE PROGRAMMES WOULD RAISE UNEMBLOYMENT CONSIDERABLY.

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Mr. Yihitlam always talks about Increasing employment, Bis policies t have always increased unemployment. His policies on employment are j worthless, Labor- actually reduced the number of people in 197 5 who I had jobs. Ke have reversed that trend. Under our policies, the ;

number of people in jobs has increased by 180,000. Under a j

Liberal Government, Australia will grow and develop at a rate which j ensures the number of jobs keeps increasing.. We have reduced inflatioj and we are giving Australian, industry the protection it needs to ensur existing jobs are maintained. We will not be a party to exporting Australian jobs. Mr, Whirls» is obsessed with .-reducing protection

for Australian jobs. He is the .unemployment expert, - His notorious 25% across the board tariff slash wiped.out tens of thousands of · jobs. Mr. Wbitla® went ahead with that disastrous decision - despite the fact that he was officially warned by a tariff.Board report that

such-a slash would h a m industry and create more unemployment.

He m ade·unemployment a deliberate: and calculated act of his - Government * § policy. How he wants to do it again. Mr. WhitIam. end Senator Wreidt say Labor is committed to an immediate.re- i

structuring ©f industry. We all know what that means * they want to restructure tens of thousands of Australians on to the dole, '

Australia enjoyed 20 years of full employment under successive Liberal Governments, In just three years, the WhitIsa Government made unemployment a major- problem, with their extravagance, their high wages policy, and their indiscriminate tariff cuts. How

they’re calling for the dismantling - of protection, They refused ; point blank to back the support we -have given to the apparel, textiles' •and footwear industries which ax# major employers throughout Australia, They refused because they said they were a free trade party,. . j

The consequences of this callous betrayal of working Australians are immense. As the Executive Director of the Australian Confederation of Apparel Manufacturers said? .s»o industry could be certain of survival if a Labor Party·... came into power." - t- . -

With a Liberal Government, each industry - and the men and women " employed in each ■ industry can rest assured' they will receive the protection they need. We have increased protection for industries ! with a total employment of over a quarter of a million Australians,. j Our long-term policy is to concentrate our efforts on' the things I w e ’re good at doing, But to talk about restructuring Australian ; -industry now when unemployment is high and the economy is not sunning

at full capacity is arrant nonsense. It is academic theory -» which involves highly practical unemployment. That’s what Mr, Whitlaas wants to do for the unemployed.

Our policies have the support of many Labor men. Mr, Duns tan backs our stand on protection. In Singapore last-month he said, ’ ’I t ’s a perfectly proper .thing for us to say., .we can’t allow our ■ employment I to be lessened by imports-·which will simply throw people into " : unemployment.* '

This week Hr. Hawke said he wanted Labor to promise to maintain employs* in the footwear, clothing and apparel industries, but he was overruled i by Hr. Whitla®, M r , Hayden and Mr. Young. About half the factories in these industries are concentrated in Victoria, both in industrial .

suburbs and country centres. About 80% .of employees are women and many of them. are. migrants. Due to the Government * s commitment, employment has begun to revive recently .and new equipment·ordered.

Labor refuses to give any firm assurances to these industries - industries employing 120,000 people. So much for labor’s professed concern for unemployment. Which other industries has Labor marked for the guillotine? Is it the wood, wood products and furniture

industries, with employment of 73,000? Paper and paper products and printing, employing 97,000? Basic chemicals and related '

products, 56,000? Appliances and electrical equipment, 81,000? Industrial machinery and scientific equipment, 80,000? *

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The only job Mr. Whitlam is anxious to protect is his own as Leader. I t ’s no wonder Mr. Hawke is going around the pubs saying Hr. Sihit lam’s stature has diminished. Mr. Bawke says the Labor Party used to be Gough Hhitlast, but it isn’t any longer* Wo doubt he had in mind Hr. Wbitlam’s single most powerful election preside* ~ to resign within

two years. Mr. Wiitlaa has prcedsed it. Mr. Bayden has promised it. Mr. Hawke has promised it. It’s about the only promise they currently agree on. But people should be beware. This promise is likely to -be as reliable as all his other pros!sea. Labor hasn’t changed «-

its still the party of confusion, contradiction and conflict.

After weeks of hopeless confusion on tax indexation, payroll tax,* uranium and wages policy, Labor’s half dozen economic spokesmen had a 90-minute five-way telephone hook-up. Mr Whit last was left out of this happy hook-up. Be has got a major hang-up over that. At the end of this 90-minute marathon Hr Bawke announced "absolute

consensus" had been reached - and promptly gave three conflicting _ versions on wages-policy-inLthe space of a one page statement, if that’s Labor’s idea of concensus, imagine what a disagreement would be like. t

Hr Whitlam’s complaining about people who ring him up on talk-back shows. Be says that people, who"'ring· him up are all Liberal supporters 1 think he is right - there are millions of Liberals all over Australia and the number is growing each day. Poor Mr Khitlam, Be cannot talk to his colleagues, he w o n ’t talk to the press, and he complains when he talks to the people. Soon there will be no one left in the whole of Australia for Mr Whitlam to talk to. ........

As for poor Mr Hurford, he would love it if people stopped talking to him. When a journalist recently asked him in Cairns what Labor's policy was on tax indexation, he said.he couldn’t say because he had only read the "Cairns Post". But he added he would be having a press

conference a few days later, and he said he would make sure he had read some of the major city papers before then. But having read the papers, he wisely cancelled his press conference.

What has become crystal clear over the-last fortnight is that Labor does not understand the economy, has no coherent, agreed economic policies and, above all, has no effective strategy to reduce unemploymei They are still the party of disunity, disagreement and discord. In

short, their policies would only serve to increase unemployment. One of the greatest causes of unemployment is unjustified industrial disputes. * In the Victorian power dispute 450,000 people were laid off for weeks. - 36,000 permanently lost their jobs.

One o£ our major achievements is that we have established the framework for commonsense, justice and order in industrial relations. Labor for once are quite agreed on what they would do in this area - repeal all j our reforms protecting individual unionists and the general public? I

and place unions above the law. . I

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' Labor would repeal secret postal ballots for the election of union ^officials. Labor would repeal our laws which let unionists know how their union’s funds are being spent. Labor would exempt unions = . : · from the provisions of the Trade Practices Act. Labor would repeal . V

:?5 ·$1·1 penalties for strikes against Arbitration C o m i s s i o n decisions. /■SLabor would repeal our laws dealing with demarcation disputes. Bow ; ; could anyone object to laws as obviously fair and essential as these? . "SO;·.·/. ;; ' ■ · · ■ ■ " ' " . · ■ ' ' *

_ tThe reason is not hard, to find. The left wing unions are all affiliate 3with the Labor Party. > They all pay money to the Labor Party. And . they have a large voice - in determining official ALP policy* ftr W i t l m •is unable to resist them. < / That’s why he has completely abdicated

responsibility for the damage which their disruption can cause. ..,·· '·. v Unlike the Labor Party, we have taken the view that no one can be above the law, that individual unionists have a right to be heard, and to be protected from intimidation} that it is the responsibility of the Government to protect the interests of the whole community. Our firm and responsible policy has the support of responsible unionists

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In my policy speech a fortnight ago 1 outlined a comprehensive programme which realistically tacked the problems we face, and which included creative and dynamic policies to meet Australians needs. Our new initiatives were carefully costed. They are a responsible and workable strategy for restoring Australia to prosperity. Our clear,

consistent economic policy has been shown to work* By getting inflafcic down, the deficit down, interest rates down, taxation down, we are giving the economy the stimulus it needs to grow. By getting investmeii up, growth and development up, production and productivity up," we are

creating more jobs for more people - not temporary, artificial jobs which peter out when some government· subsidy runs out, but real jobs, permanent jobs, jobs that Australians can keep. .

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