Yahoo Finance “Destroying Australia”: Aussies react to Coalition’s tax cuts
Earlier today The Saturday Paper released its editorial, ‘Destroying Australia’ which attacked Scott Morrison’s tax cuts.
“And so it passes, the greatest assault on the safety net from which Australian life is built,” the editorial began.
It, of course, references Scott Morrison’s tax cuts which were recently passed by the senate, and which could mean the revenue base that provides for health, education and social welfare is “shredded”.
Earlier this month, Grattan Institute released a study that revealed to pay for the tax cuts, at least $40 billion would need to be trimmed from government spending by 2030.
Related article: Coalition’s income tax cuts: What’s coming up next?
Related article: Confirmed: 4.5 million Aussies will get $1,080 back – how to get yours
Related article: What happens if you don't lodge your tax return?
The Coalition has said it won’t curt services, and assured the cost of the income tax package has been allowed for in the budget - and would still leave Australia in a surplus.
“The assumptions are heroic and unsustainable,” the Saturday Paper’s editorial read.
“They show an extraordinary indifference to reality. More than that, they are indifferent to need. People will be worse off under these cuts.
“They will face greater hardship, have less access to health and to quality education.”
While some experts argue the tax cuts won’t draw away from necessary funding to other sectors, Aussies aren’t buying it, and have taken to Twitter to share their thoughts on the Saturday Paper’s editorial.
Morrison is on the record as saying 'none' re - there will be no cuts to services, etc despite the analysis by The Grattan Institute - at least $40b trimmed per year to pay for tax cuts. Make no mistake -services WILL be cut. https://t.co/lJBImb05tE
— ShiannonCorcoran (@ShiannonC) July 6, 2019
“Make no mistake - services WILL be cut,” one user said.
“This was just another step along the road to Destroying Australia,” another said.
#insiders This was just another step along the road to Destroying Australiahttps://t.co/Ieothmgk1f
— Allan Green (@Tank9999) July 6, 2019
Destroying Australia | The Saturday Paper “You don’t pay tax in exchange for services. You pay tax for a society. Under Morrison, you pay less tax and you have less society. The obliterating self-interest of this week will be felt for generations.”#auspol https://t.co/hEJXOw4RF2
— Kath Naish (@KathNaish) July 5, 2019
Scott Morrison’s tax cuts are through and the revenue base that provides for health and education and social welfare is shredded. The destruction of the social compact that made this country stable. #auspol https://t.co/JA8QbohKRV
— 💧Aaron Dodd (@AaronDodd) July 5, 2019
Make your money work with Yahoo Finance’s daily newsletter. Sign uphere and stay on top of the latest money, news and tech news.
