In his 2020-21 budget speech, Treasurer Josh Frydenberg confirmed that more than 11 million taxpayers will get a tax cut backdated to July 1 this year, claiming the policy would generate “billions” of economic activity, create 50,000 new jobs and help small business stay afloat.
“Putting more money into the pockets of hard working Australians strengthened our economy to respond to this economic crisis. Tonight we go further again.”have dominated headlines for days now – and generated massive backlash from critics who claim wealthier Australians will benefit while those who are genuinely in need will miss out.Australian Council of Social Service CEO Dr Cassandra Goldie has been one of the most vocal critics of the plan.
“The country’s leading economists have been telling the Government that an adequate JobSeeker rate is far more effective than income tax cuts in generating the economic stimulus we need to rebuild out of recession. “These are nurses, teachers, police and public servants – people who are around 10 years into their career who are in their early 30s with a mortgage who are starting to raise a family,” he said.
“The idea is that this money is going into the pockets of a lot of people in that middle income bracket who will actually spend it – they will need it to pay their mortgages and child care and many may be on reduced hours and not earning as much,” he said.
Do you have a list of plantations for all the new slaves to go to?
Those who had a go get another go while those who couldn't get a go just get told to go.
then get off your tired arses and do something about it .......
Lol newscomau.
What did you listen to a differt budget to me?
Federal government throws money at the wealthy And gives the scraps to the Taxpayers
In fact the tax cuts apply to more than 11 million people - not just 'wealthy Aussies'.
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What you might have missed in the 2020 federal budgetThe Federal Budget is a massive document, and this year especially there was a lot to take in as the government sought to rectify an economy in worse shape than any time since World War II. 9News
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