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Not another Rudd 'talkfest': small businesses need a rescue plan.



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Thu, 23rd October 2008 NOT ANOTHER RUDD 'TALKFEST' - SMALL BUSINESSES NEED A RESCUE PLAN

Mr Steven Ciobo MP Shadow Minister for Small Business, Independent Contractors, Tourism and the Arts

The current global economic crisis calls for a small businesses rescue plan not another talkfest by the Rudd Labor Government, Shadow Small Business Minister Steven Ciobo said.

“I want to know why the Prime Minister thinks tomorrow’s business summit in Brisbane will be any different to the one last week in Sydney which does not appear to have generated any outcome for Australian businesses,” Mr Ciobo said.

“While I encourage dialogue between business representatives and the Government, I do not encourage talkfests with no outcomes. Have a summit Mr Rudd, but there must be some real outcomes to help businesses. Small businesses need a rescue plan; they need relief from the financial strain of this global economic crisis.

“Tomorrow, Kevin Rudd and Wayne Swan must explain how they’re going to assist small businesses during this financial crisis, and safeguard the jobs of the 3.8 million Aussies working in the sector.

“The Rudd Labor Government is making it near impossible for small businesses to release themselves from the shackles of this financial slide, slugging them with another tax this week in Canberra. Business cannot continue to be the Government’s cash cow.

“Slugging small and medium enterprises (SMEs) with the deposits tax as they go about simply operating their business and paying wages, will only compound their problems. This week Labor has gone from one problem to the next as the Treasurer, Wayne Swan, keeps changing the scheme.

“As a result of their trading cycle, cash-flow and payroll, there would be many SMEs who have an account balance above the $1 million threshold. Each and every one of them will be hit with Wayne Swan’s new deposits tax.

“The Government’s juggling act and hasty policymaking on the run is backfiring and unfairly targeting Australian business at a time when there’s a global economic crisis.

“Friday’s business summit should be addressing the needs of small business to deal with these tough economic times. Businesses have lost confidence in the government since Kevin Rudd took over the reins of this nation - only nine per cent of SMEs are supportive of the Federal Government’s policies, according to the latest Sensis Business Index.”