12 Apr 2019
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
During every Federal Government Election we get asked whether the Liberal National Coalition or Labor has the best policies for managing the Australian economy.
Attached is research which shows that historically both major parties are terrific at running Budget Deficits (spending more money than the tax receipts collected from you and me).
Click for chart.
For this election however, a vote for Labor is a vote to increase tax on the Australian middle class given Labor’s clearly stated policies on negative gearing, capital gains and franking credits.
If you want increased taxation, vote Labor.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.