Finance minister denies revenue lost from tax cuts will lead to budget deficits in an economic downturn
Mathias Cormann has said there is no chance the government will split its $158bn income tax package, hardening the Coalition’s stance on its central election commitment.
Labor is mulling its position on the seven-year plan which analysis has shown would benefit the wealthy after first providing tax cuts for low- and middle-income earners.
Continue reading...from World news | The Guardian http://bit.ly/2YYpS2f
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