Federal Treasurer Scott Morrison has refused to provide economic modelling on company tax cuts because, he says, it does not matter to people in the pub.
After negotiations with the Senate crossbench last week, the Federal Government secured tax cuts for businesses with a turnover of up to $50 million.
The Opposition and media have continued to push Mr Morrison for modelling on the tax cuts. Instead of providing those details, Mr Morrison told reporters to go to the pub.
“I tell you what, if you go down the pub and you talk to small business people, they’re not talking about econometric models. What they’re talking about is how they’re going to grow their businesses,” said Mr Morrison.
“The Turnbull Government knows how business works. We focus on the things we know make a difference because of our life experience and our background in business,” he said.
Meanwhile, Opposition Leader Bill Shorten would not confirm whether Labor would repeal the legislation if it wins office at the next election.
“I was in a pub in Proserpine yesterday. No-one came up to me in the pub and said ‘just vote for the $50 billion corporate tax giveaway,’ Said Mr Shorten.”
What do you think? Do the latest tax cuts pass the pub test? Should Mr Morrison provide the economic modelling to substantiate his claims that the corporate tax cuts will boost investment and jobs?