PM attacks franking credits crackdown

  1. 25,700 Posts.
    lightbulb Created with Sketch. 1
    "Scott Morrison has lashed Labor’s franking credits crackdown, warning self-funded retirees Bill Shorten was coming after Australians’ money, and starting with them, as he pledged a Coalition government would never increase taxes on superannuation."

    https://www.theaustralian.com.au/na...944239a0f5362852ab1c5da29a340#U62618259633UgC

    "At a public forum in Drysdale, in the federal electorate of Corangamite, which is notionally Labor after a redistribution, the Prime Minister fielded questions from local residents and even some Liberal Party members who had driven from Melbourne.
    “Every time Bill Shorten runs out of money in his own pocket he comes after the money in yours and he’s starting with you, he’s started with self-funded retirees,” Mr Morrison said as he honed in on Labor plans to abolish cash refunds on excess franking credits.
    “50,000 pensioners (will be) hit by Labor’s retiree tax, not just self-funded retirees, not just those in self-managed super funds, I mean they’re getting hit by more than $10,000, but the average is about $2300 for all of those impacted."

    Definitely two distinct narratives this time around.

    Labor - more 'free' stuff
    LNP - keep more of your own money

    All to play for.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.