Barnaby Joyce has suggested any employer who wants government to borrow more to help during the COVID-19 crisis must also accept increased taxes. The Member for New England, speaking in Tamworth on Monday, said business should be “prepared to pay the taxes to pay it back”. “Sure you’re happy for us to borrow more debt – so you’ve got no problems with us increasing your corporate tax rate to pay it back? We could put a levy on you,” Mr Joyce said. READ MORE: “People who say I really would like you to spend more money, the obvious rejoinder for that, are you willing to repay it?” A massive Treasury blunder – revealed on Friday – left the $130 billion Commonwealth JobKeeper scheme under-subscribed by 3 million employees. Mr Joyce said the…
Read the full article at: https://www.armidaleexpress.com.au/story/6769246/fear-of-debt-barnaby-joyce-says-business-may-have-to-help-pay-back-trillion-dollar-government-debt/