FRED. wrote on Jan 27
th, 2011 at 12:16pm:
Levy to help pay for flood recovery
Flood victims and low-income earners will be exempt from a one-off levy to help meet the $5 billion cost of paying for this summer's devastating floods, Prime Minister Julia Gillard has confirmed.
Speaking at the National Press Club this lunchtime, Ms Gillard said said a levy of 0.5 per cent would be applied from July 1 on taxable income between $50,001 and $100,000, and 1 per cent on income above $100,000.
Anyone earning under $50,000 a year will be exempt, as will those receiving emergency
The levy will allow the Gillard government to maintain it's policy agenda that has been approved already.....Cutting this spending as to not impose a levy and then register a surplus in 2012 - 13 This seams rather self serving and impractical.....but is it???
The Rudd and Gillard governments have fought tooth and nail to implement its policy agenda against the back drop of the GFC.....an opposition focused on disruption and obstruction.....a hostile senate and fickle independents!!!
We also have the perception that a surplus is an indication of a strong economy and an opposition that will ignore truth and practicality to condemn the Gillard government for personal political gain if it fails to deliver the promised surplus.....Julia Gillard is caught between a rock and a hard place as Tony Abbott has now found his wedge to divide the nation no matter which way the Gillard government decides to go!!!
Julia Gillard must now make her stand and stick with the levy to maintain the hard fought policy agenda of the Rudd and Gillard governments.....There can be no more back downs because of opinion polls and politicians with no back bone worrying about there own pathetic careers above the interests of the nation!!!
Labor should impose the levy.....keep it's policies........Introduce a mining tax.....go to the next election with an ETS and register a surplus in 2012 - 13.....Once Labor has laid out it's policy agenda Abbott must try to convince the public he has better policy alternatives and cost them accordingly.....This is were he fails.....he has no policies and his front bench cannot count!!!

The world is full of people whose notion of a satisfactory future is, in fact, a return to the idealised past.
Robertson Davies, "A Voice from the Attic", 1960