The headline in the then Sun newspaper said smokes to rise by 2 cents. 'Dad, can I have two dollars to buy up and beat the price rise?' 'No.' The price of a packet of Park Drive cigarettes rose from 39 cents to 41 cents and I think at the same time a box of matches rose from 2 cents to 3 cents. There was outrage about the matches. Some things in Federal Budgets never change, although I doubt the now Herald Sun will splashing ciggies to go up on their front page in 2016.
Apparently Australia runs a budget deficit. What? We spend more than we earn? That is not right. (the less disingenuous me knows that our budget deficit is very small compared to most countries and no big deal). How will we pay off the deficit? From taxes of course. So the government increased taxes to pay off the deficit? No, it cut taxes for the rich and small to medium size businesses. When I think of small business, I think of privately owned cafes and the local green grocer. The Liberal Party, conservatives, class very large businesses as small business, so sorry cafe owner and fruit and vegetable person, you are getting nothing.
I am close but I won't benefit from the personal income tax cuts and it seems a figure of around 4/5ths plus of the working population won't.
There may be some more of interest in the detail tomorrow once the journalists have had time to analyse but it was a budget that did not create excitement or distress, and that was perhaps how it was meant to be.