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Reducing Tax Rates Across the Board: A Cornerstone of Pro-GrowthTax Relief
Like the United States, Australia has been confronted by a dual crisis in its government-run old-age pension system. Benefits payments to an aging population threatened to consume ever larger amounts of Australia's budget according to projections in the 1980s, yet the Australian Social Security system clearly was unable to provide an adequate income for retirees.
BG1443es: Lowering Marginal Tax Rates: The Key to Pro-Growth TaxRelief