Australian Politics – Labor Party Too Hungry For Your Cash

Image: Bill Shorten faces bitter Victorian branch dispute

By Andrew Bolt ~

Australian Leader Of The Opposition Bill Shorten (Australian Labor Party)

Here in Australia, the spend-big Labor Party is saying it needs even more cash than the current record tax take for what it has in mind:  

Former Treasurer Peter Costello has warned that millions of retirees and pensioners will be hit by Bill Shorten’s plan to axe tax refunds on share investments which has opened up a new political battlefield with the Coalition.

More than 230,000 pensioners will be impacted by Mr Shorten’s move to abolish dividend imputation ­refunds — cash for tax credits — received by shareholders and super funds, with internal government figures showing more than half of those who receive a credit refund have a taxable income below the tax-free threshold of $18,200.


Even Labor shadow treasurer Chris Bowen admits a hell of a lot of pensioners will be affected:

“When you’re looking at the number of complete pensioners who might have any impact at all, you’re looking at about 10 per cent of part-pensioners and at most 1 per cent of full pensioners,” Mr Bowen said.

Asked how many people that meant, he said: “Around 200,000 for part-pensioners and about 14,000 for full pensioners.”

This will cost the Labor Party.



100% Data Tampering

What kind of a problem would need FAKE and manipulated documentation?

Look at all these “Climate Agreements.” We continue to lose money, prosperity and freedom while the CO2 level continue to increase, when do we say enough??