Tony Abbott has been strangely silent today on his commitment to slash the tax free threshold by more than $12,000 - from $18,200 to $6,000 - which will mean higher taxes for more than 7 million people.
This is the fact: Mr Abbott wants to cut the tax free threshold by ten times what was deferred today - jacking up taxes for more than 7 million people.
"If there's no tax, there's no need for compensation. Full stop, end of story."
[TONY ABBOTT - PRESS CONFERENCE - 11 APRIL 11]
The Labor Government has increased the tax-free threshold so Australians pay less tax. If Mr Abbott is elected, 7 million Australian workers will pay more tax out of their pay packet.
The last time a Government cut the tax free threshold, as Mr Abbott is proposing to do, was during World War II.
Unfortunately, Mr Abbott wouldn't stop there. He would also:
- Wind back increases to the pension
- Increase taxes on superannuation for low income workers
- Remove important tax breaks for small business.
Make no mistake: Mr Abbott will cut support for working Australians to the bone.