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2009-05-11

On tax issues of structural versus permanent - again

Comments on Alan Kohler “Swan's high and dry”, 10/05/2009, http://www.businessspectator.com.au/bs.nsf/Article/Swans-high-and-dry-pd20090511-RWST4?OpenDocument&src=sph

Alan, this is an excellent piece. I have not read the Edwards note, but read a similar article in the Australian website. I do, however, think people went too far in blaming Howard/Costello for the current budgetary problems. They paid down government debts, and did not need that much revenue so returned to taxpayers via tax cuts. That was then, and now is now. Don't forget that Rudd/Swan already had a full budget year and now it is their second one. If Howard/Costello had been wrong, why Rudd/Swan did not correct them in their first budget last year? That is the very point!

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