Australia’s PM Scott Morrison's $158 billion tax cuts in limbo as Pauline Hanson says 'no' – The Sydney Morning Herald
|The Australian daily came out with a news report mentioning that the Australian PM Scott Morrison’s $158 billion income tax cut plan is facing the limbo after One Nation leader Pauline Hanson has rejected the government’s plea.
The news report further said that Senator Hanson conveyed her no support of the third and final stage of the ten-year tax plan "at this stage" when government money should be spent instead on building new coal-fired power stations and water projects.
The Labor treasury spokesman Jim Chalmers has indicated support for the first stage of the tax plan but said the party was yet to decide on the second and third stages, the news report mentioned additionally.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.