The Hon Chris Bowen MP - Federal Member for McMahon
What's Happening Posted June 09, 2016.
Labor’s responsible reforms to negative gearing and capital gains tax will improve the Budget by around $600 million in the first year and grow to deliver an $8 billion fiscal dividend by the end of the medium term period.
In contrast, the Turnbull Government’s $50 billion giveaway to big business, beyond Labor's small business tax cut, costs the Budget $200 million in 2017-18, and over the decade will become a drain on the Budget to the value of $13 billion.
Over time, Labor's policies increasingly improve the Budget bottom-line, while the Liberals’ policies damage the Budget bottom-line.
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