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Flat White

How Labor is holding your tax cut hostage

10 April 2019

7:27 AM

10 April 2019

7:27 AM

Treasurer Josh Frydenberg claimed in his budget speech last week that the government had repaired the budget “without increasing taxes.” Unfortunately budget numbers and government rhetoric do not always match reality. The forecast surplus is actually on the back of high growth in tax revenues.

Built into our tax and monetary system are automatic tax increases.

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