Clive Palmer pledges $2500 tax cut in campaign launch
CLIVE Palmer has promised a $2500 a year tax cut for average Australians as part of his national campaign launch on the Sunshine Coast.
Mr Palmer said the Palmer United Party would slash income tax by 15%, putting extra money in the taxpayers' pockets.
The billionaire said the cut would turbo-charge economic growth by encouraging consumers to spend more and stimulate the economy.
"We can spend our money better than the government can and in the process boost jobs, investment and small business profits,'' Mr Palmer said.
The Palmer United Party put on a multimedia spectacle for guests detailing Mr Palmer successful career, his plans to build the Titanic II and his Jurassic park style Coolum resort.
Videos shown included a 60 Minutes profile piece on Mr Palmer by Ray Martin, who lives near the resort, as well as endorsements from a string of sporting stars who are running for the party.
Mr Palmer's launch even featured a send-up clip, produced by Sydney Morning Herald animator Rocco Fazzari.
It ends with Palmer standing next to a dinosaur fossil - a reference to the tyrannosaurus rex replica at Palmer Coolum Resort - and the mining magnate wearing a captain's hat - a nod to his plan to build a Titanic replica.
With supporters including state politicians, including independent Peter Wellington, as well as ex AFL and State of Origin greats, Mr Palmer was introduced by the son of long time Queensland Premier Sir Joh Bjelke-Petersen.
John Bjelke-Petersen said the LNP had lost its way and no longer represented the interests of rural and regional Queenslanders.
Mr Palmer was given a rockstar reception in front of hundreds of guests as we came in flanked by police to 'Eye of the Tiger'.
"This election has been devoid of ideas. Neither Abbott nor Rudd has offered any hope for Australia, the billionaire mining magnate said.
"Abbott wants to cut Government expenditure and shrink the economy to the size of a pea. Rudd wants to join Abbott, and they both want to tax us to oblivion.
"They are both boring and neither Rudd nor Abbott will debate the critical issues facing Australia. Abbott and Rudd are too scared to tell the truth about the Australian economy.''
"Australians have lost hope in the future.
"We have to reestablish confidence and lead the nation not tomorrow but now.
"The past is gone. We are talking about a revolution. A revolution in the way we think, in the way we boost our wealth and economy for all our citizens.
Some of the key promises included:
- $80 billion injection into the health budget across Australia
- Bypassing the states on hospital funding
- Making the first $10,000 of every home loan tax deductible
- Cutting tax on people with a second job
Mr Palmer was joined by all 150 of the Palmer United Party candidates at a launch at his Palmer Coolum Resort.
He said the tax cut would take effect as of July 1, 2014.
"If the money circulates ten times in a year, which it almost certainly will, collecting 10% of the GST each time, the government will get back the same amount of tax anyway but this will impact positively on our economy.''
The policy is part of what PUP describes as a plan to turbo-charge the economy which would includes allowing companies to pay tax annually instead of quarterly.
Mr Palmer said the plan would leave $70 billion to circulate in the economy.
Abolishing Fringe Benefits Tax would inject a further $4 billion in the economy.
PUP is the only party running candidates in all 150 seats