The passing of tax concessions by the senate was seen as an important step to putting money back in Australian consumers pockets and hopefully stimulating spending but one academic says more is needed.
Richard Holden, Professor of Economics at UNSW, says the Government needs to unleash all its tax savings right now rather than stagger them over the coming years. He believes that our economy is in dire need of stimulus if we are to avoid recession and all the economic and social ills that comes with it.
He argues that the Government should abandon its political brand (a surplus at all costs) and introduce bold stimulus measures to protect our economic health.
Read the full article here - https://insidefmcg.com.au/2019/07/12/we-need-those-tax-cuts-now-all-of-them-the-surplus-can-wait/#daily