The Australian’s Adam Creighton has thrown a wet blanket over the company tax cut debate, arguing that the government would be far better off instead making further cuts to personal income tax rates, since workers would receive an immediate boost to their take-home pay:
The government and the Reserve Bank are both expecting wage growth to accelerate, but I wouldn’t bet on it. For a start, they’ve been wrong for seven years in a row, hardly a strong endorsement of their economics models…
