Australian Treasurer, Peter Costello has attacked the opposition Labor party's tax cuts saying they contain a "basic error". The error Mr Costello claims could cost 45 percent of Australians an additional  $600 a year in tax. Mr Costello said Mr Rudd has ignored the problem by admitting the error and adjusting his tax thresholds. "He refused to admit the error and as a consequence 45 per cent of Australians will be worse off," he said. Mr Costello accused Mr Rudd of using his announcement of an increased childcare rebate to distract voters from errors in his tax policy. "He went on to announce changes to the childcare rebate to draw attention away from his blunder .", the treasurer said. He says Mr Costello is desperately trying to kick the tax debate along, but should have a good look at his own record.
Australian Treasurer, Peter Costello has attacked the opposition Labor party's tax cuts saying they contain a "basic error". The error Mr Costello claims could cost 45 percent of Australians an additional AU $600 a year in tax. Mr Costello said Mr Rudd has ignored the problem by admitting the error and adjusting his tax thresholds. "He refused to admit the error and as a consequence 45 per cent of Australians will be worse off," he said. Mr Costello accused Mr Rudd of using his announcement of an increased childcare rebate to distract voters from errors in his tax policy. "He went on to announce changes to the childcare rebate to draw attention away from his blunder ," the treasurer said. He said Mr Costello is desperately trying to kick the tax debate along, but should have a good look at his own record.
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