Kingslayer doubles the tax cut

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Via The Guardian:

Bill Shorten has pledged to “go further and do better” for low and middle-income Australians, supporting the Turnbull government’s first phase of budget tax cuts, and then almost doubling the tax relief from 2019-20 for up to 10 million workers.

The Labor leader used his budget reply speech to launch Labor’s campaign for the byelections that have been triggered in several states as a consequence of this week’s high court decision in the Katy Gallagher case – outbidding the Coalition on tax relief for its heartland.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.