Opinion
Federal budget 2018: Poor are more likely to spend tax cuts
Karen MaleyColumnistUpdated
The biggest question for financial markets is whether the personal tax cuts finally boost spending and inflation enough to accelerate the Reserve Bank's timetable for raising interest rates.
In themselves, the tax cuts don't represent such a huge boost to domestic demand. According to Treasurer Scott Morrison, they'll amount to about $140 billion over the next decade.
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