The Turnbull Government proposed company tax cut would cut national income for years before it boosted it and would never be self-funding, a new analysis from the Grattan Institute has found.
Peter Martin is the Economics Editor for The Age.
All high income Australians would pay the 1 to 1.5 per cent Medicare Levy Surcharge under a budget proposal that would raise a breathtaking $4 billion per year, more than 6 times the net amount saved in the first Turnbull budget.
Reserve Bank governor Philip Lowe has no plans to cut interest rates, and worries that he did he would make an already indebted nation "more fragile".
Reserve Bank Governor Philip Lowe has dashed hopes of a further cut in interest rates, pleading for people to "focus on other things other than quarter of a per cent moves in the cash rate".
Former Treasury chief and National Australia Bank chairman Ken Henry is far from a zealot on cutting company tax rates.
Former treasury boss Ken Henry has backed the government's 10-year plan to cut the company tax rate, saying it should be done even sooner.
Plans for mining investment are down 20 per cent and plans for manufacturing investment are down 1.2 per cent.
Low wage growth is what the Coalition wanted. Within weeks of being sworn in as employment minister in 2013 Eric Abetz warned "weak-kneed employers" not to cave in to unreasonable demands.
I'll give it to you cold. Electricity prices are going up.
Private-sector wage growth has slid to record low of just 1.8 per cent, throwing into doubt budget projections and confounding the Reserve Bank, which would prefer not to have to cut interest rates again and run the risk of reigniting house prices.