Tax cuts more about popularity than digging economy out of recession

This is the hanged-for-a-sheep-rather-than-a-lamb budget. Realising the coronacession means it will be ages before he can deliver on his premature claim to have the budgetMany people have been anxious to see just how big Josh Frydenberg’s expected budget deficit will be and how much public debt it will leave us with .Gabriele Charotte

That’s the problem. It hasn’t. Although the plan to subsidise the wages of newly employed young people in their first year gets a big tick, the brought-forward and back-dated tax cut that is the centrepiece of this budget is among the least effective ways to create jobs.That’s because much evidence shows that a high proportion of tax cuts is saved rather than spent. This is particularly likely at present, when so many people fear they may be next to lose their job.

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1RossGittins What a load of BS. More more in pockets means more spending. Exactly what's needed now. Would you prefer taxes increased on those who work hard and earn a good living?

1RossGittins As usual cannot bring itself to highlight the positives of a conservative govt's budget.

1RossGittins Budget : If you’re middle aged and have lost your job. The rest of Australia just goes “meh, as long as we’re okay “

1RossGittins WHY are tax cuts popular? If media did job and explained why they are useless and not helping our country instead supporting the lies and rhetoric maybe they wouldn't be. But you don't because Murdoch prevails

1RossGittins A lot of wealthy and relatively wealthy people will pay off their houses faster.

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Liberals have a 'track record' of lowering tax: Finance Minister | Sky News AustraliaFollowing speculation the government will bring forward income tax cuts, Finance Minister Mathias Cormann has pointed out the Liberals have a “track record” of looking for opportunities to lower the tax burden on hard working families. \n\n“Personal income tax cuts put more money into workers pockets,' Mr Cormann said. \n\n'They boost take home pay for hard working Australians.\n\n“It’s always something that we are committed to pursue where that makes sense.” \n MathiasCormann Isn't he leaving..wish he'd hurry up MathiasCormann What a load of crap. MathiasCormann Gina Rinehart is a 'hardworking family'?
Source: SkyNewsAust - 🏆 7. / 78 Read more »