Manufacturing votes and hindering business

Pledges from both major parties to pour cash into manufacturing exaggerate its importance at the expense of taxpayers. Cutting taxes and regulation would better boost activity.

Manufacturing holds an unearned lofty place in Australian politics. The sector employs only 8 per cent of the workforce and contributes less than 8.5 per cent to GDP. Yet each year, $7.35 billion in taxpayer assistance goes to the industry.

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