Early tax cuts as stimulus

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Media Release New Analysis: Fast-Tracking Tax Cuts a Stimulus Failure

Full report P961-Early-tax-cuts-as-stimulus-FINAL

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Bringing forward personal income tax cuts would see more than 50% of benefits go to the highest 10% of income earners and 79%-91% of benefits to the top 20% of earners. Just 3%-4% of the benefit would go to the lower half of all income earners. High income earners would save some or all of the tax cut making it less effective for stimulating the economy.