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The most interesting aspect of the post-budget debate has been the response of the Labor opposition party to what was a well accepted Federal budget. (See my article of yesterday- below.)
With over $21 billion in tax cuts scheduled to take effect initially from 1 July 2005, the Opposition parties have indicated that they will vote against the cuts. Why - it is difficult for anyone to fathom. Apparently it is a matter of principle.
But what has confused commentators and the community at large is that the Opposition parties seem to have forgotten that the Howard government gets control of both Houses of Parliament from 1 July - so the necessary legislation can be passed anyway - but the Opposition will have delayed the tax cuts (and other budget initiatives) for a month or so.
As a political tactic, the overall response appears to be one of a confused and rudderless Opposition, that has focused debate on themselves rather than on the government - which you'd have to assume was the objective.
For information on this article, or on any other aspect of the Australian economy or business opportunities available, please email me.
David
mailto:david.taylor@agarcarlyon.com
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