At last!!!!! What we've been waiting for: Labor's tax policy!
Apparently Latham will announce the package at a press conference in Sydney at 1 pm.
I just heard Paul Kelly (author of the article below) on the ABC talking about leaks he received yesterday. He sounded very impressed!
Back-to-work tax reform
Paul Kelly, Editor-at-Large/the Ausralian
September 07, 2004
MARK Latham's tax package will offer both relief and lower early marginal tax rates in a major welfare-to-work transition that will boost the labour force by an estimated 72,000 people.
The package will lift the threshold for the top 47 per cent rate to $85,000 in its third year, offer significant tax relief below $52,000 a year, and restructure Family Tax Benefit A so that it lifts by 50 per cent to $50,000 the income threshold at which the benefit begins to taper.
The Opposition Leader will bring down a package that represents a significant economic reform as well as an election bait.
The themes of the package are lower tax, more incentive to work, a lift in workforce participation and an effort to tackle Australia's worst social evil -- getting jobs into jobless households. For this reason the package contains an independent assessment by the Melbourne Institute of Applied Economic and Social Research that estimates the tax-welfare changes will boost labour supply by about 72,000 people and potentially cut the number of jobless families -- our main source of poverty -- by about 49,000. ......
(link )
http://www.theaustralian.news.com.au/common/story_page/0,5744,10691263%255E601,00.html
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