Tax breaks for big business, deregulation and wide-scale industrial relations reform will form part of the Morrison government's attempts to lift the nation out of the economic black hole caused by the global coronavirus pandemic.
The Reserve Bank of Australia and Treasury have warned the government's current economic policy framework was inadequate for the task ahead, with Mr Morrison this week leaving open the option of breaking election promises if need be. Ratings agency S&P Global, which now expects Australian unemployment to average 7.4 per cent this year and remain elevated until at least 2023, said the economies of the Asia-Pacific would change because of the virus outbreak.
Stupid ideological trickledown nonsense
Oh yeah! Just wait
..because trickle down economics works so well in a time of crisis. Good thing that they will be able to return to their usual policy of socialism for the wealthy when it all turns to shit.
We can't leave it to our kids! Scrap franking credits, negative gearing and increase GST. Do whatever it takes to ensure that ALL Australians help pay back this money, not just current and future working people. Fucking Morrison is such a turd.
Company tax cuts and Work Choices Two. Wow. Who saw that coming? And watch their huge push to sell off the ABC, Medicare, etc etc..
You could have a giant space turtle land and murder all the world's puppies, and the Libs' solution would be company tax cuts.
It will be a GST increase, that's all they have.
But what about the LNP DEBT AND DEFICIT DISASTER? Why are the hypocrite LNP suddenly pretending that cuts are bad for the economy? auspol
Yep finally he can get the lift in retirement age passed (not that it will affect the rich folk). Political expediency in the time of COVID19Aus 19. Ugh.
I question the value of the promised emergency response fund and the real figure paid out to needy Australians
I reckon they are pretty well stuffed at extra taxes, as extra taxes were introduced during the Rudd GFC payment,,given the economy & strangle hold China has on Commodities & Agriculture also. So interest rates being the lowest & business currently suffering it don’t look good.