It was Labor who implemented the single depreciation pool at the much higher rate, implemented the 1,000,000 loss carry back and increased the instant write off from 1k to 6.5k to be used as many times as they like. It was the Libs who came in, repealed all these measures, watched business confidence dive and are now busily trying to undo all their bad work and it's effect on the economy.
The Libs created havoc with business confidence and now even say 60% debt to GDP is pretty good.
Absolute classic.
The Talented Mr Shorten, page-11
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