Shadow Treasurer

The Hon. Joe Hockey

 

Wayne Swan’s Misinformation Campaign

Wayne Swan just can’t help himself – he continually misrepresents the facts.

In today’s Economic Note the Treasurer repeats his misleading claim that the Government is increasing the tax free threshold from $6,000 to $18,200.

The reality is that the effective tax free threshold is in fact $16,000, when the impact of the Low Income Tax Offset (LITO) is taken into account. Even the Government’s own tax scales make that observation. [1]

Mr Swan’s boasts lack credibility, just like his Budget. His promise of a surplus in 2012 -13 is, in fact, a series of money shuffles and cooking the books, and rather than show economic responsibility by cutting Government expenditure he continues to rely on increased taxes.

Mr Swan should stop the spin and tell the truth.

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