The top rate of income tax could
be cut to 35 cents on the dollar. This is the conclusion of a study
co-authored by Malcolm Turnbull, and it is the view of just about every
economist who has examined the issue – even Henry agrees, and has for a
good number of years.

The Australian’s
Samantha Maiden and David Uren add: “Supporters of Peter Costello were
keen to downplay Mr Howard’s intervention, describing the tax talk as
‘unremarkable.’ A spokesman for the Treasurer said his response to Mr
Howard’s remarks was that ‘support for lowering taxes is very
welcome’.”

Not very smart, Cozzie. Might it have been better to add: “Even the Labor party has got the message?”

Today’s Oz
follows the story… “Mr Turnbull denied a split in Liberal ranks,
despite the Treasurer arguing in May that cutting the top rate would
deliver a huge windfall to millionaires.”

Malcolm Turnbull:
“…my job as a member of parliament is to lay out the facts, make the
arguments that I think are in the best interests of the country, not to
echo other people for the sake of echoing them.”

Good job
Malcolm. We join you in the hope that others involve themselves in the
discussion and work to reduce a tax burden that the Liberal Government
has allowed to steadily increase. We’ve followed the tax debate since
the start of the year here.