Deloitte Access Economics’ chief economist, Chris Richardson, has urged the federal government to bring forward stages 2 and 3 of its legislated income tac cuts in next month’s federal budget:
As the budget faces greater pressure, a number of groups have been calling on the Morrison Government to dump the later stages of its legislated personal income tax cuts, arguing it benefits higher-income earners and support should instead flow to people who need it.
Dr Richardson said doing that would be “downright dumb” and called for the tax cuts to be brought forward.
