Last week Treasurer Scott Morrison unveiled the proposed 2017 Budget to the Australian people.
One the the key elements within the budget was the increase in the Medicare levy by 0.5% to 2.5% for all tax payers.
The proposed increase would go toward fully funding the National Disability Insurance Scheme (NDIS), a program which in short helps people with disabilities re enter the workplace.
Now in order to fully fund this vital project it goes without saying that revenue needs to be raised in some way to meet the demand of the project.
What’s not being said by the government though, is that while the ordinary tax payers are once again being slugged with an increasing tax bill, very profitable corporations (many multi nationals) are not pulling their weight with some reports suggesting that Australia is missing out on up to $6 billion a year from tax cheats and tax avoidance.
Australia is facing an ever increase national debt problem that is projected to increase the tax payer’s burden on the budget from $14.5 billion annually in 2015 to $18.7 billion in 2020.
To be clear this is the money that goes towards servicing the debt which in 2015 stood at $368 billion up 15.4% from $319 billion 2014.
It is clear Australia has a very real problem with revenue and spending, yet the solution from the government is to further burden the average Australian with increases to their tax bill when incredibly profitable companies that operate within the boundaries of Australia do not meet their end of the bargain when it comes to tax time.
This is further highlighted as Mr Morrison’s budget sees higher education slashed by $2.9 billion while at the same time trying to push through a $1 billion dollar tax payer funded hand out to Indian billionaire Adani to build a coal mine in QLD.
When was the last time the government gave a small business owner a tax payer funded hand out to start up their business?
How is it that the small businesses employ more people then large businesses in Australia yet the big corporations seem to get all the subsidies and handouts?
The question needs to be asked why the the government turns a blind eye to the tax avoidance by multi nationals as well as giving out tax payer funded hand outs to billionaires while the burden is passed onto hard working, middle class Australians?