Now, you might say, "Well, that's terrible," but it's not, because what it does is it creates more jobs.
It will mean that those businesses can reinvest and employ more people.
He lives in public housing, has two young children and works as an itinerant truck driver.
The media has of course since revealed that he is not in fact the Messiah, but his job was already done.
She conflated the income tax cut (which will reduce the tax rate for businesses with revenue below million to 27.5 per cent) with the budget's expansion of the accelerated depreciation concession which allows small businesses to immediately deduct the full cost of capital expenditure on items costing up to ,000, instead of depreciating it over a number of years.
Wealth is now concentrated at the top to a greater extent than ever.
The ultimate owners of companies are people, and they pay income tax on their dividend earnings. It's true that two types of companies and shareholders will derive a net benefit from a company tax cut.
If the company is paying less tax, then the franking credit on the dividends is reduced, so the amount the individual shareholders have to pay to make up the difference goes up by the same amount. First, companies that reinvest the extra profit rather than distribute it as a dividend will get a benefit.
Duncan asked the panel why the income tax cuts in the budget will only go to rich people who won't notice them, when a small cut would change the lives of people in his position.
After failing to get a straight answer from Assistant Treasurer Kelly O'Dwyer, Duncan tried again:"Low-income earners lose more money, because every penny we pay in tax, is ...