The party voted in support of tax cuts while in opposition and went to the election promising no changes to the policy
Warnings from the treasurer, Jim Chalmers, that Australia’s economy is slowing and that the population is ageing have prompted calls to scrap the stage-three tax cuts.to present a demographic challenge for Australia
Work is under way for the May budget, which will be the first to tackle the $254bn Morrison government. Labor voted in support of tax cuts while in opposition and went to the election promising no changes to stage three, which were already legislated and due to come into effect mid-next year. “If the government is worried about how we’ll pay for essential services like Medicare and NDIS in the future, it beggars belief that they’re pushing ahead with the stage-three tax cuts.”
“When the Labor party is adopting Morrison-era tax cuts for the super wealthy instead of funding dental and mental health on Medicare, building public homes, ending poverty payments and making childcare free, they can’t also cry poor,” she said.“Instead of pointing the finger at the dwindling proportion of tax revenue from working families, they should axe the stage-three tax cuts to raise revenue to fund the services all people deserve.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Absolutely inspiring’: Brisbane’s only female Labor councillor quitsThe party’s deputy leader, Kara Cook, whose achievements include Brisbane’s first DV and homelessness strategies, will officially step down in March.
Read more »
Labor flags wastewater tests on inbound planes as mandatory Covid checks for China arrivals resumesHealth minister defends country-specific testing as necessary due to ‘absence of comprehensive information’ on Covid’s spread in China
Read more »
Economists warn households to brace for bill shockEconomists are warning households to brace for bill shock despite the Albanese government’s emergency plan to cap coal and gas prices. The Labor Party is facing tough questions over the cost of compensation to energy giants, with reports taxpayers could cough up hundreds of millions of dollars.
Read more »
Dakar Rally motorcycle champion Sam Sunderland crashes out on stage oneDefending bike champion Sam Sunderland crashes out of the Dakar Rally on stage one, breaking his shoulder blade, but Aussies Toby Price and Daniel Sanders are in the top five.
Read more »
Sam Mendes: ‘Who would make a great Bond villain? José Mourinho’In an extraordinary career on stage and screen, the director has always pushed boundaries – and is now making his debut as a screenwriter. He answers questions from famous fans and Observer readers
Read more »
‘The year of living costs’: financial pressures top Australia’s worry list in 2022The polls detected rising anxiety about living costs early in 2022. It is now entrenched as our number one concern.
Read more »