The Albanese government aims to convince voters to support a sweeping overhaul of the stage 3 tax package by offering bigger tax cuts to more than 11 million Australians. Prime Minister Anthony Albanese argues that the new plan provides tax cuts to all workers without causing inflation or increasing the federal budget's cost. A Treasury analysis shows that a worker on the average full-time salary of $73,000 a year would receive a tax cut of about $1,500 a year under the new plan, compared to $625 under the original stage 3 package.
More than 11 million Australia ns will receive bigger tax cuts in a bid by the Albanese government to convince voters to back a sweeping overhaul of the stage 3 tax package that breaks a core election pledge to deliver the original cuts in full. Prime Minister Anthony Albanese will ask Australia ns to support the new plan because it offers tax cuts to all workers without putting pressure on inflation or deepening the cost to the federal budget .
A worker on the average full-time salary of $73,000 a year would receive a tax cut of about $1,500 a year under the new plan, according to a Treasury analysis that says the proposals will encourage more people into work. That compares to a tax cut of only $625 for someone earning $70,000 a year under the original stage 3 package, according to figures from the Tax Institut
Australia Tax Cuts Albanese Government Stage 3 Tax Package Voters Overhaul Inflation Federal Budget
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