Turnbull Government to Scrap $8 Billion Medicare Levy Increase
The Turnbull government will scrap its $8 billion increase in the Medicare levy, effectively preventing a future tax hike on voters and withdrawing one of the signature measures from its 2017 budget.
Warning "tax can go too far" Treasurer Scott Morrison will offer a preview of expected further income tax cuts on Thursday, and accuse Labor of "creating an unnecessary tax burden [that] squashes incentive and aspiration, and chokes demand."
He said tax receipts up until February were running $4.8 billion higher than he estimated in December through company profits and a jobs boom, meaning there was no longer a need for the extra 0.5 per cent levy on taxpayers to pay for the National Disability Insurance Scheme.
The proposed increase in the Medicare levy from 2 per cent to 2.5 per cent was projected to raise $8 billion in revenue over two years from its start in July 2019.
Mr Morrison said the withdrawal ensured "all Australians who pay the Medicare levy will now not have to pay more", less than a year after he said "we stand by this policy absolutely" and indicated he would take it to the next election.
What are your thoughts? Are you happy to have a responsible government which looks to minimise tax on working families? Do you think Labor and the Greens will oppose this measure in the Senate?
Don't believe Scott Morison he will lie and cheat and say ANYTHING to get everyone on their side -- he is a heartless arrogant SOB and cares NOTHING about anyone but position and his beloved Hillsong church
Even Laurie Oakes thought much the same about him
https://thenewdaily.com.au/news/national/2015/09/20/15-things-didnt-know-scott-morrison/