Australians upbeat about national economy

Daniel McCulloch
(Australian Associated Press)

Voters are upbeat about the economy and their icy attitudes towards Australian politics are beginning to thaw, new poll results show.

Australians believe 2017 has been a relatively good year for large companies, their workplaces, themselves and their families, according to an Essential survey released on Tuesday.

This optimism extends into outlooks for next year.

Confidence in the economy has soared and more people are feeling “good” rather than “bad” about it for the first time in years, while perceptions of the year for small business have also improved significantly.

But while respondents reckon the economy is in good shape, opinions are split over the state of their own back pockets.

People think they fork out too much on personal tax, especially those on low and average incomes.

Small businesses also believe they’re being bled dry.

More than half of respondents think high income earners, international companies, big businesses, mining companies and religious organisations don’t pay their fair share of tax.

Some 54 per cent of Australians are against the Turnbull government’s plan to give $50 billion in tax cuts to medium and large businesses, with 29 per cent of people in support of the idea.

Ill feeling towards company tax cuts has crept up four per cent since October.

Nearly half of coalition supporters back business tax relief, but more than two-thirds of Labor and Greens voters disapprove.

And 47 per cent think it is more important to cut personal income tax than offer relief to businesses.

Only eight per cent think company tax cuts are more important, while 33 per cent believe they’re equally important.


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