Leading progressive figures in the United States are proposing radical new ideas aimed at substantially reshaping the US economy and combatting rising inequality. Big-ticket expenditures and large tax hikes are all part of the mix as potential presidential candidates vie for public attention.

This paper argues that the economy is softening, the budget position is uncertain, and calls for the Morrison Government to use fiscal policy to stimulate the economy are growing. Tax cuts now could provide that stimulus, but there are big risks from locking in major tax cuts on the never-never.

The objective of the audit was to assess whether the Australian Taxation Office and the Department of Agriculture have effectively administered the Farm Management Deposits (FMD) Scheme.

This analysis of the long term impacts of bracket creep shows that taxpayers are being over compensated for bracket creep at all income levels. The Morrison Government has used bracket creep as a key reason why it needs to implement its income tax cuts package as outlined in the 2019 Budget.

This research finds that the first stage of the Morrison Government’s tax plan will see men and women receive an almost even split of the tax cuts. But men will receive almost double the amount women do from the later stages of the government’s tax plan.