As I blogged at my Newsagency Blog, the stimulus package announced by the federal Government today misses an excellent opportunity to stimulate business spending. While it is important to support pensioners and carers, it is equally important to support business, especially small business.
I wish that Kevin Rudd had announced an Investment Allowance, accelerated depreciation and delayed GST payments. This would get business owners spending on their businesses. The flow on for employment, productivity and competition would have been tremendously beneficial to the economy.
I am concerned that too much of what was announced today will end down the drain.