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  • GFC stimulus-like bounce, and cheap TVs set to flow as $158 billion tax cut package passes Parliament

    Jul 04, 2019

    A consumer spending boost will fuel Australia's sluggish economy as soon as next week after the Morrison government gained Labor support for its $158 billion income tax cut, delivering payments to millions of workers on the same scale as the cash stimulus during the global financial crisis.

    The package passed the Senate on Thursday night 59 votes to 9. The Coalition, Labor and four crossbenchers voted for the package while the […]

    The post about "GFC stimulus-like bounce, and cheap TVs set to flow as $158 billion tax cut package passes Parliament" appeared first on The Sydney Morning Herald.


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