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01 May 08 Positive participation incentives of Government's tax package

In a media release issued on 30 April 2008, the Treasurer, Wayne Swan, said that Treasury analysis of the Government's income tax cuts estimates an unambiguously positive impact on work participation. In particular, Treasury analysis of the tax cuts clearly shows an estimated additional 2.5 million hours of work being added to the economy each week (including 65,000 additional people in the workforce).

For a copy of the Treasurer's media release, No 2008/029, 30 April 2008, go here

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