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Tax cut delay after Labor commission stunt

AAP logoAAP 30/08/2016

Treasurer Scott Morrison has blamed Labor's "royal commission stunt" for forcing him to delay introducing legislation for his controversial 10-year economic plan to cut the company tax rate.

Legislation to incrementally cut the corporate tax rate to 25 per cent from 30 per cent over the next decade was expected to be put to parliament on Wednesday along with a bill to increase from $80,000 to $87,000 the upper limit for the middle-income tax bracket.

Nearly two hours of parliament time was eaten up as Labor tried to force a royal commission into banks and condemned the government for not reining in negative gearing.

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