Paid parental leave will be a burden on businesses and achieve little | The Australian

THE federal opposition is right to promise to dump the $1.2 billion Schoolkids Bonus -- a blatant and wasteful political bribe bereft of any didactic impact -- if it wins government. But at least it doesn't encourage Australians to lie, burden businesses with uncertainty and foster discrimination against younger women.

The Coalition's absurdly generous paid parental leave scheme, which would pay women earning up to $150,000 a year their full salary for six months, will cost taxpayers about $3 billion a year but do little to lift female workforce participation -- its chief economic justification.

Click here to keep reading on how there can be no doubt whatsoever that the Coalition's Paid Parental Leave Scheme is bad public policy, and the plan to pay for it with an increase in our corporate tax rate (already one of the highest in the world) will drive businesses offshore, kill jobs, and hurt families.

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