Breaking A cabinet minister says the government has no plans to ditch controversial tax cuts after a week of division within the Labor Party. | micksfoley
Treasury officials were asked to prepare a new cost estimate for the stage three tax cuts“When it comes to the tax cuts, I think we’ve made the obvious point that when it comes to cost-of-living relief, it should be targeted to people on low and middle incomes,” Chalmers said.
Opposition Leader Peter Dutton said the tax cuts were intended to be in three stages, with the first two stages aimed at middle-income earners and stage three for those on higher incomes.“[The stage three cuts are] not inflationary over calendar 2023, which is an important point, and ...
Shadow treasurer Angus Taylor said any changes to the legislated cuts would constitute “a war on aspiration”.“We’re seeing extraordinary inflationary pressures right now. And we know with inflation, the average Australian pays a higher rate of tax. “These tax reforms were designed very carefully to make sure there was an incentive for Australians to get out there to have a crack.”Cut through the noise of federal politics with news, views and expert analysis from Jacqueline Maley. Subscribers can sign up to our weekly
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