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Bring forward tax cuts: Industry says economy needs cash now – Sydney Morning Herald

The Australian Industry Group wants Treasurer Josh Frydenberg to bring forward tax cuts for workers and businesses in the October 6 budget.



The depth of the recession will be revealed this week, with the June quarter national accounts to be released on Wednesday. The economy contracted by 0.3 per cent in the March quarter with economists tipping a hit of between 5 and 7 per cent in the June quarter.
Government gross debt last week reached a record $768.6 billion with another $7 billion in debt slated to be sold over the next few days. It is now on track to surpass $1 trillion within the next three years.
Industry group chief execu…

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