‘Out-of-control taxing’: Bracket creep is hitting Australians hard
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GXO Strategies director Cameron Milner warns bracket creep is quietly costing Australians hundreds of billions of dollars, arguing governments cannot tax their way out of excessive spending. “The bracket creep that goes on because of inflation is hundreds of billions of dollars,” Mr Milner told Sky News host Caleb Bond. “The answer to out-of-control spending isn’t out-of-control taxing. “That’s a problem for the economy.”
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