Australia Votes 2007: Liberals promise personal income tax cuts
Tuesday, October 16, 2007
With the election campaign just beginning, Australian Prime Minister John Howard has promised AU$34 billion in personal income tax cuts over the next three years. That is on top of $31.5 billion announced in May, and $36.7 billion announced in 2006.
The new tax cuts are based on new projections for growth in the Australian economy. The Treasury estimates that the...