Fed: Tax cuts to remain as promised: Rudd

AAP General News (Australia)
02-10-2008
Fed: Tax cuts to remain as promised: Rudd

CANBERRA, Feb 10 AAP - Prime Minister Kevin Rudd says tax cuts due to be delivered
the upcoming budget will be delivered in the form promised.

During the 2007 federal election campaign, Labor vowed to match the coalition's promised
$31 billion tax cuts.

But there has been concern the tax cuts will exacerbate the rising inflation problems.

Mr Rudd said the new Labor government would proceed with the tax cuts despite the concerns.

"I take seriously what you say to people - it's not all that magical - you say you're
going to do something you should do it," Mr Rudd told the Nine Network today.

One suggested option is to pay tax cuts into superannuation instead of direct savings.

But Mr Rudd is not willing to change Labor's plans.

"We will work through a whole range of options and possibilities but there will be
absolutely no change to people having tax cuts to take as additional income at the point
of which they are implemented," he said.

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KEYWORD: ECONOMY RUDD

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