While the Turnbull Government and the Business Council of Australia (BCA) continue to push the Senate to lower Australia’s company tax rate to 25% from 30%, on the grounds that it would boost investment and wages, the impact from the recent US corporate tax cuts has clearly missed American workers and blown-out the Budget deficit, sounding a warning signal for Australia’s senators.
Last week it was revealed that the US Budget Deficit is projected to balloon past $1 trillion next year:
