Post by phill on May 5, 2006 17:14:12 GMT -5
Prime Minister John Howard has signalled tax cuts for high income earners in next weeks budget, saying successful people should be rewarded.
With the final touches now done to the budget, to be delivered by Treasurer Peter Costello on Tuesday, Mr Howard also talked up how middle Australia would be catered for by the Government.
Mr Costello is widely tipped to produce a cut in the top marginal tax rate, on top of the tax cuts he announced for high income earners last budget that kick-in on July1.
From July, people earning more than $120.000 will get a tax cut of more than $2000, on top of the $2000 they saved in the tax cuts that started last year.
Mr Howard said it was important the contribution of high income earners to the economy was recognised.
"Every nation needs a percentage of people who are high income earners because they are outstanding in their fields", he said.
"We should never allow envy to creep in if we are to have a total society in which we recognise that there are some people always, that will be more heavily rewarded than others" Mr Howard says.
The question is however, will middle Australia cop this kind of blatant means of assisting the rich to get richer when he has also implemented means of the poor getting poorer. This Government is no longer a Liberal Government, it is more in line with the "Tory" thinking that made the worker work harder for less.
This Liberal Government has to go.
With the final touches now done to the budget, to be delivered by Treasurer Peter Costello on Tuesday, Mr Howard also talked up how middle Australia would be catered for by the Government.
Mr Costello is widely tipped to produce a cut in the top marginal tax rate, on top of the tax cuts he announced for high income earners last budget that kick-in on July1.
From July, people earning more than $120.000 will get a tax cut of more than $2000, on top of the $2000 they saved in the tax cuts that started last year.
Mr Howard said it was important the contribution of high income earners to the economy was recognised.
"Every nation needs a percentage of people who are high income earners because they are outstanding in their fields", he said.
"We should never allow envy to creep in if we are to have a total society in which we recognise that there are some people always, that will be more heavily rewarded than others" Mr Howard says.
The question is however, will middle Australia cop this kind of blatant means of assisting the rich to get richer when he has also implemented means of the poor getting poorer. This Government is no longer a Liberal Government, it is more in line with the "Tory" thinking that made the worker work harder for less.
This Liberal Government has to go.
