There's No Vaccine For Debt
Western Victoria MP Bev McArthur has called on the Victorian Government to reduce state taxes and red tape to rectify economic damage caused by the COVID-19 pandemic.
In the Appropriation (Interim) Bill 2020 which passed on Thursday night, the Labor Government legislated an additional borrowing of $24.5 billion to salvage the state’s finances.
This equates to a bill of just under $4000 for every man, woman and child in Victoria.
Due to the government’s refusal to undergo scrutiny by allowing parliament to continue to sit, Mrs McArthur and other members were forced to submit their contributions to the second reading of the bill in writing.
In her contribution, Mrs McArthur said “In just three years, this government will more than triple the state’s debt and condemn future generations of Victorians to an economic burden they may never overcome.”
“This government wasted six years of relatively strong economic conditions, when it should have been saving the taxpayers’ money but instead squandered it and now, they plan to squander more.”
“If we’re serious about getting the economy back on track, we are going to have to reduce the level of red tape with which this government is so obsessed.”
“Excessive taxation on individuals and businesses will only further stifle the economic disaster that now seems unavoidable.”
“There are countless ways in which this government could reduce the burden on households, individuals and businesses by cutting red tape and reducing or abolishing taxes, but instead they choose to borrow more and spend more,” she concluded.
24 April 2020