It looks like costing Australian businesses multi-billions of dollars – and taxpaying Australians multi-billions more. Malcolm Turnbull’s woeful election campaign leaves his uninspiring mantra of ‘jobs and growth’ looking less than secure in a divided House of Reps and hostage to an expanded Senate cross-bench. His 10-year deficit-reduction program, already grossly inadequate to deal with mounting budget spending and record debt even before his billions of dollars of election bribes, is in jeopardy along with the tax cuts, both personal and corporate, needed to stimulate the growth without which the Australian economy, and living standards, will stagnate.
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