A less-than-frank Coalition funding gap

New information shows Joe Hockey is likely to be disappointed if he expects his 'no franking credit' levy, a quiet hit on retirees, to raise up to $1.5 billion to offset the parental leave plan.

The fact that Prime Minister Kevin Rudd missed a chance to trap Tony Abbott in the second debate has created a volley of new research on what will be raised from savers by reducing franking credits by lowering the company tax and matching it with a 'no franking credit' levy on large companies. 

Joe Hockey may raise less from retirees than he was counting on.

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