ACT senator suggests ageing population with proportion of taxpayers declining means situation has ‘changed significantly’ since cuts legislated in 2019
That is also affecting the working population. Given Australia’s reliance on personal income tax , the predicted fall in the working population corresponds with budget worries over how to pay for services such as the aged pension and the healthcare system.
But he has been slowly making the case about how much Australia’s economic conditions have changed, and will continue to change in 2023, compared to when the tax cuts were legislated four years ago.That has led weight to speculation the government may be considering at least delaying the cuts. “And of course in Australia, we’re always conscious that natural disasters have the ability to throw us off course – so optimistic but realistic as well.
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