Coalition to Fund Aspirational Tax Cuts with Labor Policy Rollback
Roll-out of Proposed Measures
The Coalition has outlined plans to finance its promised tax cuts by scrapping various Labor policies, including the $15 billion National Reconstruction Fund.
The move is part of a broader push to save around $100 billion in both budget and off-budget spending ahead of the next election.
Impact on National Reconstruction Fund
The National Reconstruction Fund, established by the previous Labor government, aimed to provide loans and equity investments to businesses to support economic growth.
The Coalition's decision to scrap the fund has raised concerns about its impact on the Australian economy.
Aspirational Voter Targeting
The tax cuts, which are expected to benefit high-income earners, are part of the Coalition's strategy to appeal to "aspirational" voters.
The government believes these measures will stimulate economic growth by increasing consumer spending and investment.
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