The Labor candidate for Mitchell Andrew Punch has challenged Liberal Mitchell MP Alex Hawke to explain how the Coalition's election promises are to be funded.
“The Coalition’s commitment to cut company tax by 1.5 per cent will cost $5 billion over the
forward estimates — $2.5 billion each year,” Mr Punch said.
“A member of the Reserve Bank Board has described the business tax cut as bad policy when revenue is needed to fund [the national disability insurance scheme] DisabilityCare and the Better Schools Plan, which the coalition claim they support.
“Alex Hawke should state if the Coalition is going to keep the Labor Government’s responsible saving measures in the Economic Statement of $17.4 billion over the forward estimates. If not, where is the coalition saving coming from? Which areas of funding will be cut?
"The Coalition would have to make $70 billion in cuts to match Labor’s path to a budget surplus.
"The Liberals are on the record and said they need to make $70 billion worth of cuts to pay for their election promises. The Coalition has said they will release their costings over the course of the campaign.
"I call on Alex Hawke to tell the people of Mitchell what the coalitions costings are now; $70 billion in cuts will mean bigger class sizes and less individual attention for our children.
"Australians know our hospitals are already over-stretched.
"Mr Abbott’s $70 billion of cuts to the bone, like Premier Campbell Newman has done in
Queensland, will strip money out of hospitals.
"Mr Abbott’s cuts will mean longer emergency waiting times, less doctors and nurses and less hospital beds.
"When Mr Abbott was health minister in the Howard government he stripped $1 billion out of
"Removing the means test on the Private Health Insurance Rebate on high income earners will cost $3.4 billion in revenue over the forward estimates.”