One-off tax cuts will be delivered to 10 million working Australians in the May budget in a bid to boost the economy amid signs the number of long-term unemployed is rapidly climbing despite the nation’s rebound from the coronavirus recession.
Campaigning in Perth, Mr Frydenberg would not be drawn on the offset but argued the government was committed to keeping a lid on taxes. The budget’s position is also better than expected due to much lower than feared unemployment. The jobless rate in the mid-year update was expected to reach 7.25 per cent but in March it had fallen to 5.6 per cent.
Source: News Formal (newsformal.com)
swrighteconomy And nobody knows long term unemployed are kept unemployed long term because government likes them unemployed so they can suck them dry.
swrighteconomy Tax cuts for the wealthy Poverty for the unemployed
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swrighteconomy
swrighteconomy
swrighteconomy Who is surprised? The trickle down effect is a joke: '