Tax cut vs increaesed credit

[MattSAU2XR8]

Noticed recently in the news that we are all (or most of us) going to be getting a tax cut of up to $1000 per year...

But government debt for which we are liable is continuing to grow.

So it seems to me that what the government is doing is continuing to spend money, much of which is difficult to avoid I concede, and then borrowing some more money from a third party and lending it to us and calling it a tax cut?

Interested in people's thoughts...

[LeadFoot81]

Mate the current government are great economic managers; the best thing to do is give them free reign and not ask too many questions!

/S

[burnz]

Originally Posted by MattSAU2XR8

Noticed recently in the news that we are all (or most of us) going to be getting a tax cut of up to $1000 per year...

But government debt for which we are liable is continuing to grow.

So it seems to me that what the government is doing is continuing to spend money, much of which is difficult to avoid I concede, and then borrowing some more money from a third party and lending it to us and calling it a tax cut?

Interested in people's thoughts...

lower the tax rate people are encouraged to work overtime,

lower business tax and they can hire more people which gives you a broader tax base..