Budget tip: Josh Frydenberg will announce big tax cuts on Tuesday week –?but actually it will be the same extension of a tax cut that he announced in his last budget2021-05-03T10:15:00Z, the low to middle income tax offset (LMITO)The U.S. saw about 200,000 cases per day.
That’s about the only thing that makes political and economic sense for this government with an election to be held within 12 monthsre likely always to have one eye o.
It explains the direction of Mr Frydenberg’s very successful pre-budget media management over the past 24 hours, but it still doesn’t overcome the fundamental falsehoods of the headlines he managed to spin:It won’t be the “big spending” economy-boosting budget as dutifully reported Fiscal policy will stop aligning with monetary policy We will still have to deal with fiscal contraction despite the talk about concentrating on reducing unemployment first.
It’s always a good idea to pay attention to what federal treasurers do, rather than what they say. That is particularly important when a government’s first priority seems to be media management and deflection.