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The Candidates' Tax Plans: Comparing the Economic and Fiscal Effects of the Bush and Kerry Tax Proposals

Senator John Kerry's tax plan slows economic activity until 2011,when it generally adopts President George Bush's approach ofpermanent tax cuts. Even so, the Bush plan consistently outperformsthe Kerry plan. President Bush relies on supply-side tax changeswhile Senator Kerry focuses much of his attention on demand-sidepolicy with targeted tax policy changes that yield the unintendedconsequence of producing a tax cut for high-income taxpayers after2011. ....

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Victorian Treasurer unveils the state budget, announcing support for SMEs


Victorian Treasurer Tim Pallas. Source: AAP/James Ross
Victorian Treasurer Tim Pallas has today unveiled the state’s post-pandemic budget, announcing a raft of measures to support small businesses including changes to payroll tax.
For small businesses in the state, the payroll tax-free threshold will increase to $700,000 and the regional payroll tax rate will be cut to 1.2%.
Treasurer Tim Pallas also announced further funding for wage subsidies, business events, distillery venues, and a plan to revitalise the CBD.
“We’re focused on helping those who need it the most vulnerable Victorians, struggling small businesses, job seekers and families,” he said. ....

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