How do people plan to use extra money from Stage III tax cuts?

This week, everyone who's got a job will have more money in their pocket, thanks to the introduction of the Stage III tax cuts? So how do people plan to use the extra money?  And is it good policy?  

In addition, hundreds of tariffs on imports will also be cut, a decision that economists love and applaud. 

Guests

• Kristen Sobeck, Research Fellow, Tax and Transfer Policy Institute, ANU
• Matthew Bowen, Head of Consumer and Market Insights, ING Bank Australia
• Alex Robson, Deputy Chair, Productivity Commission