03 April 2017

What are the economic benefits of the company tax cut legislation passed by the Senate last week?
Australians have every right to demand an answer to this simple question.

Working Australians are grappling with record low wages growth, higher unemployment and record high underemployment and the lowest paid have been told by Malcolm Turnbull theyre going to get a cut in penalty rates.

The Turnbull Government has just pushed through a $24 billion tax cut to business, the very least the Treasurer can do is front up and tell us what the growth, employment and wages dividend will be.

We know by the Government's own figures that the impact of the full $50 billion tax cut is an additional 1 per cent of GDP growth over twenty years, so what is the benefit of the smaller package passed last week?