Coalition to fund tax cuts from axed Labor policies if elected

According to the Australian Financial Review, the Coalition is looking to fund its promised tax cuts by scrapping a raft of Labor policies if it wins the next election. The Motley Fool Chief Investment Officer Scott Phillips says if it does go ahead as planned, the funds will come “out of spending cuts”. Mr Phillips told Sky News Australia that funding tax cuts by making the national debt worse is a “terrible way” to set policy.