Taxes won't fix budget woes WAYNE Swan and Julia Gillard are right to say that less-than-expected company profits have taken a sledgehammer to the budget. But it would be wrong to use this as the only explanation for the weakening state of Australia's fiscal position. And it would be foolhardy to attack companies - already struggling with lower profits and dealing with a persistently high dollar - by imposing new taxes or revenue grabs to plug the budget holes.