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1. NSW Premier calls for GST increase.
The NSW Premier, Mike Baird has renewed his pitch for an increase in the GST proposing it be lifted from 10 to 15 per cent from July next year.
As states and the Commonwealth continue to debate tax reform before a meeting in March Mr Baird has voiced an opinion piece calling for the change.
Under his plan the GST would compensate low-income families and allow the federal government to reduce the income tax pool by about 7 per cent and company tax from 30 to 25 per cent reports Fairfax Media.
“It’s trying to bring a consensus position forward,” Mr Baird said.
“We’re at the part of the debate where there are a lot of ideas. How do we start to draw some of those threads together?”
Meanwhile the South Australian Premier Jay Weatherill has said he would be prepared to accept a higher GST as a trade-off for more health and education funding.
2. Newspoll figures show voters do not support a hike to the GST.
With all hands back on deck in Canberra tomorrow the latest Newspoll figures will be no doubt pleasing for the government, but they do show voters will not tolerate one thing – an increase to the GST.
The poll, released by The Australian, shows the Coalition’s support sits at 46%, gaining 1 point, while Labor also gained one point to reach 34% of the vote.
Malcolm Turnbull continues to lead Bill Shorten as preferred Prime Minister, but lost one point to sit at 59%,