The tax cuts that could bankrupt Australia

<p>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. </p><p><br></p><p>These tax cuts, which will overwhelmingly benefit high income earners, will cost the budget 300 billion dollars over 10 years.</p><p><br></p><p>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.  </p><p><br></p><p>Today, chief executive of the Australian Council of Social Service Cassandra Goldie, on the...