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MYEFO is more positive about the 2016-17 budget bottom line than previous expectations. However, projections over the forward estimates have worsened. Lukas Coch/AAP

2016-17 MYEFO experts’ response: more of the same is not good enough

While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.
The Abbott government is preparing to give Australians a tax cut, but Treasurer Joe Hockey seems confused as to just how much tax we pay. Dean Lewins/AAP

The truth about bracket creep and Hockey’s tax tales

Australian Treasurer Joe Hockey claims taxpayers are already paying 50 cents in the dollar of their income to the government and that bracket creep will push the average income earner into the second top…

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