I think a lot of people incorrectly assume that the MRRT will fund their super increase from 9-12% when it is only government employees for which this is the case. For everyone else, it is funded by missing a pay rise.
I need to do more research but i cant see how a 1% business tax cut will do anything to address the 2 speed economy issue or help look towards a future after the mining industry. We will have to wait to find out but i suspect the big three, who agreed to the MRRT, will pay a lot less extra tax than they should and this tax will hamper their competition where future growth and jobs will come from.
