Small business asset write-offs are 'private sector stimulus': Tony Abbott

By Latika Bourke
Updated May 20 2015 - 1:08pm, first published 1:02pm
Prime Minister Tony Abbott has described the small business policies announced by Treasurer Joe Hockey in this year's budget as "private sector stimulus". Photo: Alex Ellinghusen
Prime Minister Tony Abbott has described the small business policies announced by Treasurer Joe Hockey in this year's budget as "private sector stimulus". Photo: Alex Ellinghusen
In the face of the global financial crisis, the Rudd government rolled out a stimulus package which inlcuded $900 cheques for taxpayers. Photo: Andrew Meares
In the face of the global financial crisis, the Rudd government rolled out a stimulus package which inlcuded $900 cheques for taxpayers. Photo: Andrew Meares

Prime Minister Tony Abbott has described the $20,000 asset write-offs for small business as a "private sector stimulus" and the recent budget as "the best ever for small business".

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