Heres what the McGowan Government should have done to drag this State out of crippling debt and deficit with a sense of purpose and certainty.
Forget the tinkering at the edges and the faux tough love we saw last week in the Budget, with a payroll tax increase of up to one percentage point and lift in the gold royalty rate from 2.5 per cent to 3.75 per cent an ounce.
Those measures will raise less than $1 billion over four years and neither increase puts a dent in WAs record debt now expected to hit $43.6 billion by 2021.
Knowing the entire State threw out the Liberals and Nationals because it wanted urgent action on our finances, Labor needed to have the courage to think big and be a little bit nasty.
It should have put a temporary $2 B…
Read the full article at: https://thewest.com.au/opinion/gary-adshead/how-mark-mcgowan-should-have-fixed-was-massive-state-debt-ng-b88595238z
