The government would borrow up to $75bn more and those earning above $1m would pay an additional 5% marginal taxThe Greens want to raise government revenue to 26% of indecent domestic product – the level it was at under John Howard – and to increase infrastructure investment to take advantage of record low interest rates.
They have also confirmed they diagram to take to the election a so-called “millionaire’s tax under which people earning more than $1m pay an additional 5% marginal tax.
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Source: theguardian.com