RBA boss backs income tax cuts

Original article by Michael Roddan
The Australian – Page: 1 & 4 : 14-Jun-18

Reserve Bank governor Philip Lowe says the Federal Government’s personal income tax cuts package will contribute to growth in wages. Lowe describes the proposed tax cuts as an "incremental step" in the broader process of tax reform. He has also called for wages to be progressively increased as the economy strengthens, arguing that wages of growth of around three per cent annually is feasible in the longer-term, compared with growth of around two per cent at present. Labor has only committed to supporting the first stage of the tax cuts package.


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