“And because the Andrews government is usually a model for Labor everywhere, it’s a grim foretaste of what may come to other states across our federation,” she said.“But rather than change, it’s hitting the most productive people, and punishing aspiration, so that it can keep bribing key constituencies.
“The extraordinary thing about this budget is that, despite all the new taxes, it actually doesn’t tackle debt – debt’s expected to hit $170 billion, with an interest bill that will rise to $8 billion a year.”
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‘Difficult pill to swallow’: ‘Big hit’ towards Victorian businesses following state budgetVictoria Chamber of Commerce and Industry Chief Executive Paul Guerra says there’s “quite a big hit” across the board in Victoria following the state government handing down its budget on Tuesday. “It’s a bit tough if you’re a medium business, a large business, or a landowner at the moment – you're going to pay more come July 1, and that’s going to be a really difficult pill to swallow for a lot of businesses across the state,” he told Sky News Australia. Mr Guerra said businesses for the next ten years are going to “take a hit” repaying the COVID debt levy, which will result in some choosing not to continue working in Victoria and job losses. “The debt did need to be reduced – sticking it just to business though is not the right approach here,” he said.
Source: SkyNewsAust - 🏆 7. / 78 Read more »