The Labor shadow cabinet met on Thursday and formally decided to accept the first and second stages of the tax policy while reviewing the third stage before the next election, clearing the way for a future policy to adjust or oppose the tax cuts for wealthier workers.
The bulk of the cash from the tax refunds will go to those workers on incomes between $48,000 and $90,000. Mr Richardson said the $1080 boost for low and middle income earners, worth a combined $8 billion, would act in a similar way, with the nation's retailers set to be the biggest beneficiaries."You're going to get a lot more bang for your buck with these tax cuts because they're going to turn up in people's bank accounts as a lump sum and as a surprise for a lot of mums and dads," he said.CEO and founder of Kogan.
Annual retail spending growth slipped to its lowest rate since the start of last year. In the nation's biggest retail market, NSW, annual growth is now just 0.5 per cent compared to 2.9 per cent a year earlier.
Wrong! The cuts are going to those who don't need to spend it. If they'd raise the Centerlink payment (which they haven't done for 25 years), 100% would be guaranteed to be used to boost the economy LNPfail
If everyone gets a grand back in their tax and buys a new TV or some thing on eBay then we're laughing. Economic woes fixed. Praise the Lord.
I guess we’ll see
job and service cuts. budget deficit