Economic analysis from the Australia Institute has revealed the government’s income tax plan will gift Australia’s top earners thirty-three billion dollars in benefits.
The Morrison government made it clear this unlegislated income tax package is one its its first priorities, stating it is an all-or-nothing deal.
The Australian Institute’s senior economist Matt Grudoff stated that low and middle income taxpayers are more likely than high income earners to spend their tax cuts and stimulate the economy.