Proposal to abolish refundability of Franking Credits, page-366

  1. 12,031 Posts.
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    Post 36729455 from JohnnoH
    “We are half a TRILLION dollars in debt. We do NOT need to find something to spend it on imo.”

    Post 36729647 from Madamswer
    “Even though this proposed tax policy is unfair in that it will impact people on low incomes, and will raise a lot less than its architects expect, I am pleased to learn that whatever taxes do end up being raised will be applied to repair the balance sheet of the federal government.
    To that end, can you point out where it was expressly stated that this tax was to be applied to debt reduction?”

    Question never answered by JohnnoH despite his implication (see above) that there is no need to find something to spend it on (presumably because we have unpaid debt which will be paid down). Madamswer sensibly gave up responding on this thread.
 
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