Morrison’s fantasy tax cuts morph into Budget fraud

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This is beyond reckless. It is beyond fantasy. Domainfax has the scoop:

The Turnbull government’s personal income tax plan will cost $24 billion a year by the end of the decade, new figures show, in what will be the largest income tax cut in Australian history.

The costings by the independent Parliamentary Budget Office commissioned by the Greens, will be latched onto by the Greens and Labor as Treasury faces a Senate committee grilling on Wednesday over the 10-year, $144 billion plan.

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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.