The tax cuts that could bankrupt Australia

No matter which major party wins the next federal election, the top 5 percent of income earners in Australia will receive tax cuts worth 180 dollars a week. These tax cuts, which will overwhelmingly benefit high income earners, will cost the budget 300 billion dollars over 10 years.So how will those cuts be funded? According to those in the social services sector it's likely to be made from cuts to education, health and welfare.  Today, chief executive of the Australian Council of Social Service Cassandra Goldie, on the origin of these tax cuts and what their real cost will be.Guest: Contributor to The Saturday Paper and chief executive of the Australian Council of Social Service Cassandra GoldieStay in touch with us on Twitter and InstagramSee acast.com/privacy for privacy and opt-out information.See omnystudio.com/listener for privacy information.