FAIL: Centrepiece of ex-OZschwitz PM's last budget failed to deliver promised economic 'turbo-boost'
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RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
Subject: FAIL: Centrepiece of ex-OZschwitz PM's last budget failed to deliver promised economic 'turbo-boost' Sat Mar 12, 2016 5:25 pm
The small business package central to Tony Abbott's final budget does not seem to have delivered the promised turbocharge to Australia's economy.
The so-called "Tony's Tradies'' package, which is set to cost the budget $5.5 billion over four years, was designed to provide a platform for the Abbott government's re-election plans.
It included a cut in the small business tax rate of 1.5 per cent, and the ability for companies with revenue under $2 million to claim an unlimited number of tax deductions for items that cost less than $20,000 each.