More budget leaks: Housing, tax cuts, giveaways

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News reported over the weekend that Treasurer Depressionberg will backdate tax cuts:

Treasurer Josh Frydenberg is planning to backdate personal income tax cuts in Tuesday night’s budget ensuring workers have more money in their pockets and don’t have to wait for tax relief.

The “instant” tax relief can be delivered swiftly despite the new financial year commencing on July 1, according to tax experts.

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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.