Yesterday was good day for the Aussie economy, via The Australian:
Australians will be handed an immediate $15 billion in tax cuts in a bid to boost the economy, drive retail sales and create new jobs, after parliament last night rubber-stamped Scott Morrison’s signature $158 billion tax relief package.
The combined effect of instant tax cuts and consecutive interest rate reductions to a record 1 per cent was hailed by business leaders and economists as a major economic stimulus that would increase consumption rates and help Australians pay off mortgages faster.
