John Passant takes a look at franking credits and explains what all the fuss is about.
On the day Tony Abbott was rolled, one of my family members, who lives in Malcolm Turnbull's electorate of Wentworth, posted a one line warning on Facebook: "Beware the silver fox." Well, it proved true remarkably quickly. A concerted attack on Medicare is in full swing and it has one clear objective: dismantling public health care and replacing it with a US-style privatised system that costs more, delivers inferior outcomes and leaves the poorest to die.
“Businesses like making profits”, said Labor leader Julia Gillard on ABC’s Q&A on August 9. She was explaining why Labor opposed the Coalition’s proposal to raise the company tax rate by 1.5%. “If they’ve got to pay more tax and that’s going to cut into their profits, then they’ll think of a way of adding a bit more profit. “What’s the best way of adding a bit more profit in? They put up prices. “It, you know, just stands to common sense reason, doesn’t it?” The Greens lead NSW senate candidate Lee Rhiannon agrees.