Pitch Engine
The Property Pack

.

Vital signs: we need those tax cuts now, all of them. The surplus can wait

  • Written by Richard Holden, Professor of Economics, UNSW
Vital signs: we need those tax cuts now, all of them. The surplus can waitIf you're going to stimulate the economy, it's wise not to wait.Shutterstock

In an enormous week for economic news at the start of the month, parliament passed the government’s three-stage personal income tax plan, and the Reserve Bank cut official interest rates to an unprecedented low of 1%.

It happened against the backdrop of a flagging...

Read more: Vital signs: we need those tax cuts now, all of them. The surplus can wait

More Articles ...

  1. 'Guaranteed to lose money': welcome to the bizarro world of negative interest rates
  2. Deeming rates explained. What is deeming, how does it cut pensions, and why do we have it?
  3. The new Mabo? $190 million stolen wages settlement is unprecedented, but still limited
  4. Super shock: more compulsory super would make Middle Australia poorer, not richer
  5. The Murray-Darling Basin scandal: economists have seen it coming for decades
  6. All the hype around Libra is a red herring. Facebook's main game is Calibra
  7. What we missed while we looked away -- the growth of long‐term unemployment
  8. NZ's plan for deposit insurance falls well short of protecting people's savings
  9. Vital Signs: Trump's nominations for the US Federal Reserve are an odd lot, and an even bet
  10. Bonuses for clicks: the Herald Sun model can't be the future of journalism
  11. Early days, but we've found a way to lift the IQ and resilience of Australia's most vulnerable children
  12. Getting out of liquor and pokies will cost Woolworths, but deliver lasting benefits
  13. To be a rising star in the space economy, Australia should also look to the East
  14. Ultra-low unemployment is in our grasp. How Philip Lowe became the governor who lifted our ambition
  15. Back-to-back Reserve Bank cuts take interest rates to new low of 1%
  16. Morrison 'very confident' of winning support for tax passage, as he looks to crossbench
  17. Stages 1 and 2 of the tax cuts should pass. But Stage 3 would return us to the 1950s
  18. Buckle up. 2019-20 survey finds the economy weak and heading down, and that's ahead of surprises
  19. Australian household wealth has taken its biggest dive since the GFC, but things are looking up
  20. How English-speaking countries upended the trade-off between babies and jobs without even trying
  21. Facebook's Libra plan: talk of the demise of central banks is greatly exaggerated
  22. Morrison wants to unleash economy's 'animal spirits' and foreshadows new look at industrial relations
  23. Need to find a good restaurant? Economics serves up some golden rules
  24. How a humble Perth boathouse became Australia's most unlikely tourist attraction
  25. Vital Signs: Once were Kiwis. Here's the hidden history of Australia's own well-being framework
  26. Myth busted. Boosting super would cost the budget more than it saved on age pensions
  27. 50 years after Australia's historic 'equal pay' decision, the legacy of 'women's work' remains
  28. Why the Australasian Health Star Rating needs major changes to make it work
  29. Below zero is ‘reverse’. How the Reserve Bank would make quantitative easing work
  30. Inducing consumer paralysis: how retailers bury customers in an avalanche of choice
  31. Vital Signs: the RBA's marching orders are no longer realistic. They'll have to change
  32. Mending hearts: how a ‘repair economy’ creates a kinder, more caring community
  33. More people are retiring with high mortgage debts. The implications are huge
  34. Our economic model looks broken, but trying to fix it could be a disaster
  35. Vital Signs. If we fall into a recession (and we might) we'll have ourselves to blame
  36. Expect weak economic growth for quite some time. What Wednesday's national accounts tell us
  37. The Reserve Bank will cut rates again and again, until we lift spending and push up prices
  38. What's the difference between credit and debt? How Afterpay and other 'BNPL' providers skirt consumer laws
  39. The search for an alternative to GDP to measure a nation's progress – the New Zealand experience
  40. Explaining Adani: why would a billionaire persist with a mine that will probably lose money?
  41. As privacy is lost a fingerprint at a time, a biometric rebel asserts our rights
  42. Vital Signs: APRA is going to make it easier to borrow. It could be another one of its bad calls
  43. If the Adani mine gets built, it will be thanks to politicians, on two continents
  44. The behavioural economics of discounting, and why Kogan would profit from discount deception
  45. Why regional universities are at risk of going under
  46. It's time we moved the goalposts on Indigenous policies, so they reflect Indigenous values
  47. Uber drivers' experience highlights the dead-end job prospects facing more Australian workers
  48. If you think less immigration will solve Australia's problems, you're wrong; but neither will more
  49. Where to now for unions and 'change the rules'?
  50. Sex trafficking's tragic paradox: when victims become perpetrators