Recessionberg sees sense in Labor’s tax cuts

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Via the ABC:

A multi-billion-dollar reconfiguration of the Coalition’s seven-year tax plan to favour low- and middle-income earners will be at the heart of Treasurer Josh Frydenberg’s first Federal Budget.

The ABC understands the Morrison Government will today unveil a reshaping of its already legislated tax plan, with tax cuts favouring low- and middle-income earners to be brought forward.

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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.