The Grattan Institute found that providing tax cuts in the never-never while reducing government expenditure from 24.9% of GDP in 2018-19 to 23.6% during the next decade will necessitate cutting existing programs by more than A$40 billion a year in 2029-30. That should have been the story of the week, but somehow it wasn’t.
That’s Scott Morrison saying the claim is “absolute complete rubbish”. I’ll come back to that. Worse was to come. By the end of the week Bill Shorten was accusing the Liberal Party of running a “low-rent, American-style fake news” campaign on a “ridiculous death tax scare”. Continue reading Election 2019: follies 1