Coalition won’t split income tax package

Monday 3 June 2019

Finance Minister Mathias Cormann has ruled-out splitting the Coalition’s income tax package so that the Senate can pass low-and-middle income tax cuts in isolation to higher income tax cuts. From The Guardian:

The finance minister “completely “reject[ed]” the suggestion that the revenue lost from tax cuts would lead to budget deficits in an economic downturn.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.