moll.
Learn to science.
- Joined
- Aug 19, 2008
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- 2008
Who cares how many tax breaks were given? Just as long as the budget was still in surplus, there was no harm in this. In fact, many would argue that there is great benefit in the longer-term from lower taxes.And it didn't matter if it was economically sound, the Costello Treasury under Howard was actually despite what many believe, terrible for the economy. It was a hollow "strong" economy with hailed "surpluses" that were just more than the government expected to earn and an excuse to lower taxes despite this not helping at all
You're also forgetting that whilst income tax fell during the Howard era, consumption tax rose (GST), so some of these tax decreases are offset. Not to mention the fact that earnings from compnay tax skyrocketed during the period, so it makes good sense to give the extra cash back to individuals.