The Victorian state government will target big business, housing investors and private schools as the main drive to collect tax revenues as outlined in its new budget report released on May 23.
But despite the targeted taxes, Treasurer Tim Pallas has denied the state budget is steeped in class warfare.
“Nobody’s engaging in a terminology of class warfare…that is not what’s motivating us,” he told reporters on May 23.
While Victorians must face a decade-long of tax pain via the new COVID-19 levies, which do target big employers and property owners, state debt is still set to skyrocket to $171 billion (US$112 billion) by 2026-27– almost $70,000 for every household….