Coalition leans on promised income tax cuts after standard of living slump

Country
Australia (AU)
Score
10.22
Source
The Guardian
Time
2018-01-05 (UTC)
ID
10523077

Craig Laundy says the government is working through the details of the plan, and points to signs of economic recovery The Coalition government has held out personal income tax cuts as the solution to slumping living standards after the revelation household costs have grown faster than earnings for the fifth consecutive quarter. According to Australian Bureau of Statistics data, analysed in the Australian, average household incomes dropped 1.6% in the year to September, after allowing for inflation, taxes and interest costs. Continue reading...