Turnbull Emulates Trump With Tax Plan

Prime Minister Turnbull is adopting a strategy similar to President Trump's by making corporate tax cuts a key part of his agenda. Despite opposition from the Labor Party, Turnbull sees this as a way to establish his vision for Australia. He faces challenges in the Senate, where he lacks a majority, and must convince them of the benefits of these cuts. The economic context includes stagnant wages despite low unemployment and GDP growth, making tax cuts a potential relief for voters.

Why is Prime Minister Turnbull looking to President Trump for inspiration in his tax policy?

• To gain popularity with the opposition Labor Party

• To create a new agenda for Australia

• To increase government spending

• To reduce unemployment rates

Which countries are mentioned as also moving towards tax cuts?

• China, India, and Brazil

• Japan, the UK, and France

• Canada, Germany, and Italy

• Russia, South Korea, and Mexico

What economic issue are Australian voters facing that Turnbull hopes to address with tax cuts?

• Increasing unemployment

• High inflation rates

• Stagnant wage growth

• Rising housing costs

What is the main challenge Turnbull faces in implementing his tax cuts?

• Lack of support from the public

• Opposition from the Labor Party

• Convincing the Senate to pass the cuts

• Insufficient economic growth

What is the expected impact of the tax cuts on the Australian economy according to Turnbull?

• It will lead to higher inflation

• It will provide economic impetus and relief to voters

• It will increase the national debt

• It will decrease foreign investments