/ The Institute for Private Enterprise is a think-tank promoting increased private enterprise and smaller governments except for defence to protect society.

May 16, 2017


Nonsense Claims that More Revenue Needed

Yesterday’s Commentary referred to three things which stood out from the post Budget polling – Labor remains 6 percentage points ahead, the very low net satisfaction ratios of both leaders suggest that voters want a change of leaders, and only 19% feel better off after the budget. Today we learn that, in “selling the budget” yesterday, Turnbull claimed that Newspoll showed there is majority support for the levy on the banks and the increase in the Medicare levy. He also claimed that, because the Senate has blocked spending cuts, “we obviously need to raise more revenue” (see Turnbull Defends Budget). This is absolute balderdash.