REDUCTION OF TAXES
COMPLAINT IN AUSTRALIA
SYDNEY, September 8
The reduction in war expenditure provided in the Budget appeared to be most inadequate, said the Leader of the Opposition, Mr. R. G. Menzies, yesterday. The public would be left with a strong feeling that the Government was prepared to hesitate in the task of retrenchment. Yet unless unavoidable war expenditure was speedily reduced, the re-establishment of civil industry and employment would be too long delayed. The "Sydney Morning Herald, commenting in an editorial on the Budget, says: "It is a matter for disappointment that the first post-war Budget reflects so little of those qualities of imagination and resourcefulness indispensable to any adequate handling of the difficult problems involved in the restoration of. our national economy to ia healthy peacetime basis. "Mr. Chifley has neglected to provide any relief for companies from the crushing burden which has denuded or eaten into their reserves for expansion, a burden which will be felt all the more in the present period when much capital is needed to tide over the long period of conversion before their income is restored. "This is the worst blot on his Budget." .
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Bibliographic details
Evening Post, Volume CXL, Issue 61, 10 September 1945, Page 4
Word Count
193REDUCTION OF TAXES Evening Post, Volume CXL, Issue 61, 10 September 1945, Page 4
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