The $5.5b small business package, centerpiece of the Federal
Budget 2015-16, has attracted bipartisan support from all major
parties last week, despite debate around funding measures and
reducing the overall deficit still raged on at the end of budget
week.
In his budget reply speech last Thursday night, federal
opposition leader Bill Shorten proposed to drop the small business
tax even further if elected, despite confirming he will support his
counterpart's measures announced on Budget Night. Two days
after the Treasurer Joe Hockey delivered his second budget, Bill
Shorten told parliament the government needs to do more to drive
small business investment, remarking the 1.5 per cent tax cut
provision is not enough to kick start the Australian economy. He
has fallen short in outlining how he plans to fund the cut of up to
5% he wants to introduce though. In contrast see what the
government's plan is for small businesses, and other areas
within our comprehensive
