Cancer Council Queensland is warning its chances of beating the deadly disease could be put at risk by Bill Shorten’s tax hit on self-funded retirees because older Australians will have less income to donate.
The Conservative Party has also warned of the dangers in a Shorten victory with economists predicting it will serious negative impact on the Australian economy.
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The Daily Telegraph reports the shock alarm has opened a potent new attack for Scott Morrison, as World Vision Australia also reveals “like many of our counterparts in the sector we are currently investigating the impact” of Labor’s plans.
Finance Minister Mathias Cormann said, "There is no question Shorten will weaken our economy".
His comments came as an angry grey army packed town halls across the country to separately complain that Labor’s franking credits plan would hurt them financially and prevent them donating to charities.
“Not content with sticking his hand in your pocket, Bill Shorten is now sticking his hand in the collection bucket of charities around the country,’’ Prime Minister Scott Morrison said. “His shameless retirees tax not only stings older Australians who have saved for their retirement, it undermines the incredible work done by charities across Australia, including the fight against cancer.”
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