Tax cuts will drive job growth: Morrison

Treasurer Scott Morrison's proposed corporate tax cuts have passed the lower house but still face opposition in the Senate.

Scott Morrison and Malcolm Turnbull at a press conference.

Source: AAP

Businesses tax cuts will continue to drive job creation and growth, Treasurer Scott Morrison says, as he continues to defend the government's company tax reduction plan.

He watched the next phase of the government's enterprise tax plan pass the lower house on Thursday, but it's expected to face opposition from Labor and the Greens in the Senate.

The government has so far legislated a tax cut for businesses with turnovers of up to $50 million, leaving the remainder on a rate of 30 per cent.

Mr Morrison admits the tax plan has its critics, but said keeping businesses taxes high was a "numpty idea".

"I cannot understand how keeping taxes high for these businesses helps them employ more Australians or boost their wages," he said.

"It just doesn't make any sense."


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By Euna Cho

Source: AAP



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