You could have poked a hot dog into Peter Costello's mouth when he heard Kevin Rudd announce Labor's Taxation Policy today.John Howard may have hit the ground running with the Liberal Party's Tax Policy for the 2007 election but he has been gazumped by the Labor Party with the promise of reducing the number of tax brackets from four to three.
And with the announcement of Labor's 50% Education Tax Refund to help the families of 2.3 million Australian kids, the Liberal Party's tax manifesto has created a depressing end to the week for the conservative side of Australian politics.
The Tories have been cock-a-hoop in the last 48 hours with a couple of election polls showing a slight drift back their way.
But with today's Labor Tax Policy launch, acute depression, paranoia - and ever rigor mortis - are the most-likely diagnosis for the Liberal Party.
