Morrison warns of Labor $164 bn tax slug

Treasurer Scott Morrison, using new Treasury modelling, says Labor's tax policies amount to a $164 billion hit on the economy.

Federal Treasurer Scott Morrison

Treasurer Scott Morrison Source: AAP

Treasurer Scott Morrison has launched a fresh attack on Labor's tax policies, claiming they would be a $164 billion slug on the economy over the next decade.

Mr Morrison has used a dinner speech in Canberra on Wednesday to reveal new Treasury costings for a "catalogue" of Labor taxes on housing, investment, wages, small businesses, family businesses and savings.

He said this is a "dark vision" that values envy and populism over growth and jobs.

"This vision foolishly thinks increasing the tax burden on Australian households will actually help the economy," he told the Australian Chamber of Commerce and Industry dinner.

"It sacrifices jobs on the altar of ideology."


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Source: AAP



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