Here’s how a ‘silent’ tax hike is balancing the budget – with the heaviest burden on the lowest paid
- Written by: Chris Murphy, Visiting Fellow, Economics (modelling), Australian National University
With just over three weeks to go until the federal election, both major parties are trying to position themselves as Australia’s better economic managers.
Labor was able to hand down two consecutive budget surpluses in its current term. But the most recent federal budget shows a return to deficit this financial year.
After the deficit peaks...
