Labor’s Secret Plan For Higher Taxes And Debt

Member for Baulkham Hills David Elliott today said Labor must come clean on NSW Labor’s secret blueprint which proposes to increase the tax slug – or “overall tax take” – on households and businesses in Baulkham Hills.

 The proposals are contained in a secret leaked policy document from the NSW Labor Policy Forum titled Jobs and the Economy Policy Commission.

 “Labor’s disturbing new policies will hurt Baulkham Hills families, devastate the economy, cost jobs and send the cost of living skyrocketing,” Mr Elliott said.

 “According to the document Labor is prepared to risk the AAA credit rating and slug residents with more taxes.

 “The document states Labor would: “Pay for it [election commitments] with an increased overall tax take, and some more debt.”

 “Baulkham Hills residents should be deeply alarmed by Labor’s plan to increase the overall tax take.

 “The policy to increase debt could also threaten the AAA credit rating, which would cost NSW taxpayers about $3.75 billion over 10 years.

 “The document also shows that under its plans Labor is proposing to impose a great big new tax on every single household in Baulkham Hills.

 Under its plan Labor would: “Replace stamp duty with a progressive broad-based land tax.”

 “This means an annual tax would be imposed on homeowners in The Hills Shire Local Government Area – which will cost them an average of $2,500 each year,” Mr Elliott said.

 “Labor Leader John Robertson cannot walk away from this secret document. The Opposition Leader is the Co-Chair of the NSW Labor Policy Forum.

 “The Shadow Treasurer has an even deeper involvement with this policy blueprint, as he is Co-Chair of the Jobs and the Economy Policy Commission – which is an arm of Labor’s Policy Forum.

 “With policies like these it is now wonder the Leader of the Opposition has been lurking in a fiscal hiding-hole until now.

  “Labor’s secret document also shows it also wants to slug Sydney motorists, with a plan to “replace vehicle taxes with a Sydney congestion charge.”

 “Over the past three years the NSW Liberals & Nationals Government has introduced polices to ease cost of living pressures on families in Baulkham Hills.

 “We have strengthened the economy and created jobs. NSW now has the nation’s best performing economy and the country’s lowest unemployment rate.

 “Labor’s only policy is to tax families, seniors and home owners even more.”