Federal Budget 2019: Josh Frydenberg woos voters with cash, tax cuts

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Frydenberg declared the budget was 'back in the black' but the up-beat forecast came with new danger signs for the economy, writes CroweDM auspol budget2019

But workers will only receive just under $20 billion of the package in the four years covered by this budget. They will receive an offset worth up to $550 in 13 weeks but will have to wait until after the elections due in 2022 and 2025 to collect the full benefits.

While the government was expected to offer another round of personal tax cuts in this budget, it has trumped Labor by unveiling the biggest personal tax cut since the Howard government. Finance Minister Mathias Cormann said Australians would have to decide "who do they trust" to deliver income-tax relief.

Senator Cormann said he did not want to "haggle" in the upper house and would instead seek a mandate at the election for the full package. While billed as a "surplus budget", it does not bring forward the date at which the Commonwealth will end a series of deficits worth a combined $364.5 billion since 2008.

 

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CroweDM Who gives a toss. The damage and underfunding is deep, profound and entirely evil.

CroweDM

CroweDM It’s a forecast you dills! Just like his promise to reduce greenhouse gases when he was Environment Minister it just won’t happen. This Government is incompetent

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Federal Budget 2019: Coalition woos voters with cash, tax cutsThe Morrision government has promised tax cuts worth $158 billion over 10 years in an audacious bid for votes at the federal election, despite warning signs over the economy and doubts about the Coalition's ability to deliver on its pledge. CroweDM BS is BS no matter how they present it. auspol CroweDM The big print giveth and the small print taketh away. CroweDM I want a party to campaign on tax increases for once.
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