The tax cuts are clearly doing bugger all, entirely predictably, so what’s the answer to a flagging economy? More of the same of course! Via AFR:
Labor, had it won, would have offered an income tax cut for people earning up to around $120,000 but would not have proceeded with the Coalition’s stage two and three income tax cuts for those on higher incomes and which were scheduled to begin in 2022 and 2024 respectively.
Now, after being consigned once more to Opposition and having waved the whole tax package through the Parliament, Labor is demanding that stage two, far from being dumped, be brought forward to July 1 next year to provide economic stimulus.
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