state intervention

“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.