High taxes no way to prosperity: Morrison

Treasurer Scott Morrison has dismissed calls from a national think tank for higher taxes to repair the budget quickly.

Treasurer Scott Morrison

Treasurer Scott Morrison has dismissed calls for higher taxes to repair the budget quickly. (AAP)

Treasurer Scott Morrison has dismissed advice from a national think tank that revenue measures are the only way to balance the federal budget quickly.

"We are not going to be part of the high tax club which says to Australians that the path to prosperity is higher taxes, that somehow the path to growing the economy, supporting jobs is to have higher taxes," Mr Morrison told parliament on Wednesday.

Paul McClintock, national chairman of the Committee for Economic Development of Australia and former adviser to John Howard when he was prime minister, told the conference he wasn't convinced the budget was any closer to achieving a surplus within a reasonable time frame.


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Source: AAP


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