Incentive, productivity, stimulus, equity, debt. These are the key words in assessing the federal budget’s many tax and expenditure measures.
But it would be asking too much to expect every single measure to satisfy every criterion. What was needed was a package of measures balancing immediate and longer-term needs, and making the most of synergies between them.
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Robert Carling is a Senior fellow at the Centre for Independent Studies, and a former IMF and federal and state Treasury economist.
