Swan gorges on low-hanging fruit

The Treasurer's revenue grab in yesterday's MYEFO won't be hard to sell to voters, and if Swan didn't go for it Abbott would have.

The elegance of Wayne Swan's $8.1 billion revenue grab in yesterday's MYEFO statement, is that it will hardly dent company profits and hurt neither shareholders nor consumers to any considerable degree, despite all the hysteria to the contrary.

It was the lowest of low hanging fruit, and it would have proved just as irresistible to an incoming Abbott government as it did to revenue-hungry Swan.

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