Completely Biased

Thursday, September 23, 2004

Election 2004 | Day 24 | Tax and Roundup

Firstly, a bit of an update on Costello and arithmetic.
Peter Costello stepped up his attack on Labor's tax and family plans, but it might backfire.

The Treasurer claimed Labor's tax policy is underfunded by $2.7 billion, even though he has not seen all the documentation behind its calculations.

Many of the figures he disputes are not simple arithmetic errors but involve complex economic assumptions, open to debate and interpretation.

Labor was dismissive.

"Mr Costello's claims are desperate and they're untruthful," said the shadow treasurer, Simon Crean.

And Costello's attack is high stakes. He is now at odds with two of the most respected economic modelling experts - the National Centre for Social and Economic Modelling (NATSEM) and the Melbourne Institute of Applied Economic and Social Research - which did the numbers for Labor's policy.

Oh I'd love to see this explode in his face. There's some more stories - Dodgy Figures Claim Denied By Labor, Crean Defends Policy Costings, Costello Finds "Raft Of Errors" In ALP Tax Plan, Labor's Sums "Wrong By $700m," Costello's $700m Tax Debate Backfire.

Wheee. The two organisations that went through the plan with a fine-toothed comb have also done work for the Treasury in the past.

And the rest in short because I need to sleep:

Mark Ptolemy is pissed off over the anti-Greens leaflet distributed by the Liberals.

Both Labor and Liberal returned all their donations from James Hardie, into funds for asbestos victims. Labor did it a month ago, Howard preferred to wait until the court findings were handed down.

Labor wants to put $1b into hospitals, but the funding will come from the states. There's a mixed reaction.

Todays Telegraph reported that the whole branch-stacking allegations was a load of crap (remember though, the Tele reported it), and there was a big editorial piece on it too. Can't find it online though.

Finally, Howard announced vouchers of $800 for each apprentice so they could buy tools. Umm. Yeah. The ACTU reckons its stupid and does nothing to fix skills shortages.