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Men's Weekly

we need those tax cuts now, all of them. The surplus can wait

  • Written by Richard Holden, Professor of Economics, UNSW
we need those tax cuts now, all of them. The surplus can waitIf you're going to stimulate the economy, it's wise not to wait.Shutterstock

In an enormous week for economic news at the start of the month, parliament passed the government’s three-stage personal income tax plan, and the Reserve Bank cut official interest rates to an unprecedented low of 1%.

It happened against the backdrop of a flagging...

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