Coalition’s tax cuts play straight into Labor’s hands
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The Guardian’s Greg Jericho has done a good job dismantling the Turnbull Government’s 7-year plan to cut personal income taxes, which overwhelmingly favours the rich:
… in 2016, Scott Morrison took what was a pretty easy win on company tax cuts for small businesses and turned it into a fight on the ALP’s terms by including an unfunded and uncosted but clearly expensive proposal for tax cuts to begin eight years later for companies with a turnover above $1bn…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.