- Aug 5, 2009
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auscyclefan94 said:The tax revenue coming in for the next financial year is increasing because the Government is making businesses pay their tax earlier to help achieve their surplus budget.
Spending isn't really falling when you see that the Government is not including many of their big policies in the expenditure for the budget. I am happy that they are cutting the Baby Bonus as that was a tad extravagant policy by the Howard Government which continued through with Labor although I do not support the cuts to the Private Health Insurance rebate as that is an important and good policy that takes the pressure off the public health system therefore reducing costs placed on the states to fund Hospitals.
I think this surplus is more about political survival than fiscal responsibility as if Labor does not deliver a surplus next year, they will have to call an early election because they can't win the next election without a surplus budget imo.
It will only keep the pressure off if people continue with private medical insurance. I don't agree with it. $80,000.00 is nothing so why should people who have paid private insurance for years be penalised. Try and live in Sydney on 80 grand a year. Expect more public service jobs to go. So much for supporting working families.
