Treasurer Jim Chalmers under pressure to change stage three tax cuts that would millions of Aussies
1 year, 7 months ago

Treasurer Jim Chalmers under pressure to change stage three tax cuts that would millions of Aussies

Daily Mail  

Treasurer Jim Chalmers is adamant the stage three tax cuts will go ahead despite a call from an influential trade union for them to be radically changed. 'The government's position on the stage three tax cuts hasn't changed but we welcome and embrace people having the opportunity to raise these sorts of issues at our national conference,' he said on Monday. Nonetheless, the United Workers Union's national secretary Tim Kennedy has called for the stage three tax cuts to be reduced for high income earners, who stand to get back more than $9,000. The United Workers Union has called for the tax relief to be scaled back ahead of Labor's upcoming national conference, being held in Brisbane this week The left-wing Australia Institute think tank put the annual cost of the low and middle-income tax offset at $7billion, after the previous Coalition government introduced the relief measures.

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History of this topic

Jim Chalmers’ budget won't spook voters, but the nation’s finances remain on scarily unsustainable footing
5 days, 6 hours ago

Jim Chalmers’ budget won't spook voters, but the nation’s finances remain on scarily unsustainable footing

ABC  

As Katy Gallagher strode into the budget media briefing room alongside Treasurer Jim Chalmers, the finance minister was caught on microphone telling herself — or perhaps it was aimed at him — to "keep smiling". The budget that's avoiding a reality check Photo shows Side profile of Jim Chalmers This year's budget is being delivered at one of the most …

Labor to push tax cuts through parliament today, forcing Coalition's hand
5 days, 6 hours ago

Labor to push tax cuts through parliament today, forcing Coalition's hand

ABC  

Labor has introduced its tax cuts to parliament this morning and is attempting to force a swift vote, in a last-minute bid to force the Coalition to promise to repeal the cuts if it wins the upcoming election. Senator Jacqui Lambie told the ABC she would vote for the tax cuts, leaving the government within striking distance of passage, after …

Australia announces surprise tax cuts as PM Albanese tries to win back voters ahead of polls
5 days, 16 hours ago

Australia announces surprise tax cuts as PM Albanese tries to win back voters ahead of polls

Firstpost  

With a possible election just days away, Treasurer Jim Chalmers is working to regain support from voters frustrated by soaring living costs, high interest rates, and a persistent housing shortage in the post-COVID era The Australian government on Tuesday announced fresh tax cuts and other budgetary reliefs to help Prime Minister Anthony Albanese secure a second term in office in …

Consider this budget Treasurer Jim Chalmers' refusal to sign a non-compete clause
6 days, 6 hours ago

Consider this budget Treasurer Jim Chalmers' refusal to sign a non-compete clause

ABC  

This budget comprises many pages, most of which will no doubt blow away in the gales of the imminent election campaign, but one conclusion is visible from space and should absolutely be noted: this is Jim Chalmers's formal refusal to sign a non-compete clause. Tuesday night's federal budget outlined billions of dollars worth of spending due to "unavoidable policy decisions". …

Federal budget winners and losers
6 days, 6 hours ago

Federal budget winners and losers

ABC  

Treasurer Jim Chalmers has handed down his fourth federal budget, laying the groundwork for a federal election campaign that could be called within days. Winner: Taxpayers The signature piece of this federal budget is a new round of income tax cuts, which the government will use to springboard into a federal election campaign. The prime minister has spent the past …

Election battlelines drawn as tax clash overshadows 'budget for uncertain times'
6 days, 6 hours ago

Election battlelines drawn as tax clash overshadows 'budget for uncertain times'

ABC  

Labor and the Coalition will square off at the coming election over competing tax goals, with the government offering voters "modest but meaningful" income tax cuts that the opposition quickly dismissed as "a cruel hoax". With a warning that "storm clouds are gathering" from the US president's coming tariffs, weaker Chinese growth, an ongoing war in Europe and collapsing peace …

Treasurer Jim Chalmers says government has work to do on cost of living measures
4 months, 2 weeks ago

Treasurer Jim Chalmers says government has work to do on cost of living measures

ABC  

Treasurer Jim Chalmers says the government knows there is still a lot of ground to make up when it comes to cost of living relief for Australians despite having released a raft of packages to ease the burden of inflation. Mr Chalmers's admission on 7.30 came one day after Opposition Leader Peter Dutton borrowed a line from US president-elect Donald …

Why Aussies have turned on Anthony Albanese over this four word phrase
9 months ago

Why Aussies have turned on Anthony Albanese over this four word phrase

Daily Mail  

Aussies struggling with the cost of living crisis have slammed Anthony Albanese after he claimed the new tax cuts will 'hit the sweet spot' during a visit to a popular eatery. Prime Minister Anthony Albanese has been slammed for promoting the government's tax cuts, while visiting an Indian sweet shop in Melbourne on Sunday Many have been financially worse off …

Use our calculator to see how much you'll save with the stage 3 tax cuts from July
10 months, 2 weeks ago

Use our calculator to see how much you'll save with the stage 3 tax cuts from July

ABC  

The government has released its 2024 budget, with the stage 3 tax cut revisions being the main cost of living relief measure. Use the calculator below to work out how much you will save under the stage 3 tax cut changes. The tax brackets have been changed to the following: Earn up to $18,200 – pay no tax – Pay …

Federal Budget 2024 LIVE updates: Treasurer Jim Chalmers has delivered the Budget he hopes will serve up election victory - here's everything you need to know
10 months, 2 weeks ago

Federal Budget 2024 LIVE updates: Treasurer Jim Chalmers has delivered the Budget he hopes will serve up election victory - here's everything you need to know

Daily Mail  

Treasurer Jim Chalmers' Budget, set to be handed down at 7.30pm, will either make or break Labor chances of being re-elected next year. Ahead of Tuesday night's Budget, Labor has revealed Treasury is now very optimistically expecting inflation to fall back within the Reserve Bank's 2 to 3 per cent target by December 2024 - a year earlier than the …

Labor's been putting the hard-sell on their Stage 3 tax cut changes. We'll soon know if it's worked
1 year, 1 month ago

Labor's been putting the hard-sell on their Stage 3 tax cut changes. We'll soon know if it's worked

ABC  

In the week since the prime minister rolled the dice with his Stage 3 tax gamble, he's been on the sort of media blitz usually reserved for selling a budget or winning an election. Jim Chalmers has been out doing the work to make sure Labor's message on changes to Stage 3 tax cuts gets through. Labor is taking a …

Greens cite PBO analysis showing reshaped stage 3 tax cuts still favour highest earners
1 year, 2 months ago

Greens cite PBO analysis showing reshaped stage 3 tax cuts still favour highest earners

ABC  

In short: Analysis from the independent Parliamentary Budget Office shows the lowest 40 per cent of income earners will receive just 9 per cent of the benefits from the government's tax cuts. Analysis from the independent Parliamentary Budget Office shows the lowest 40 per cent of income earners will receive just 9 per cent of the benefits from the government's …

Are Labor's stage 3 tax cut changes good economic policy, good politics, or both?
1 year, 2 months ago

Are Labor's stage 3 tax cut changes good economic policy, good politics, or both?

ABC  

This may not be Labor's last roll of the dice, but it's certainly the most important. The original stage 3 tax cuts overcompensated higher income earners for the cost of bracket creep, and under-compensated low-income earners. " "Reallocating some of the tax cuts from high-income earners to low-income earners means we should see a workforce participation boost from the changes," …

Australia PM to modify proposed tax cuts, stoking fears of inflation
1 year, 2 months ago

Australia PM to modify proposed tax cuts, stoking fears of inflation

The Hindu  

Australia Prime Minister Anthony Albanese said on Wednesday, January 25, 2024, that he would consult lawmakers to modify proposed tax cuts for higher earners, potentially breaking an election pledge in a decision some economists worry could stoke inflation. Shane Oliver, chief economist at AMP, said the proposed changes benefit low — and middle-income earners, who tend to spend rather than …

Dramatic moment ABC News Breakfast's Lisa Millar brutally cuts off Treasurer Jim Chalmers over Anthony Albanese's Stage Three tax cut broken promise
1 year, 2 months ago

Dramatic moment ABC News Breakfast's Lisa Millar brutally cuts off Treasurer Jim Chalmers over Anthony Albanese's Stage Three tax cut broken promise

Daily Mail  

ABC News Breakfast host Lisa Millar has grilled Treasurer Jim Chalmers over Anthony Albanese's broken election promise on tax cuts - hammering him with the PM's own claim that his 'word is his bond'. Mr Albanese will use a National Press Club address today to outline his case for overhauling the Stage Three tax cuts, which he had repeatedly insisted …

Government to overhaul stage 3 tax cuts, Jim Chalmers says changes will benefit 'many'
1 year, 2 months ago

Government to overhaul stage 3 tax cuts, Jim Chalmers says changes will benefit 'many'

ABC  

The government, in an election promise backflip, will overhaul stage 3 tax cuts, leaving most Australians with extra cash in their pocket when the measures take effect in July. Treasurer Jim Chalmers told 7.30 the government had changed its view on the cuts because it had found "a better way to provide more cost of living relief to more people". …

Anthony Albanese finally breaks his silence on tax plan - and the five words that could come back to haunt him
1 year, 2 months ago

Anthony Albanese finally breaks his silence on tax plan - and the five words that could come back to haunt him

Daily Mail  

Prime Minister Anthony Albanese has given his strongest hint yet he could revamp the scheduled Stage Three tax cuts for the rich, despite a solemn pledge that 'my word is my bond.' Prime Minister Anthony Albanese has promised a 'tax cut for everyone' but in a chat with Kyle and Jackie O, he gave his strongest hint yet he is …

First Stage Three tax cuts... then Stage Four and Five? Shock theory about Anthony Albanese's tax plan as PM gives MPs dramatic five-word directive
1 year, 2 months ago

First Stage Three tax cuts... then Stage Four and Five? Shock theory about Anthony Albanese's tax plan as PM gives MPs dramatic five-word directive

Daily Mail  

Prime Minister Anthony Albanese has reportedly instructed Labor MPs to address questions about the Stage Three tax cuts by saying 'we haven't changed our position'. Prime Minister Anthony Albanese has reportedly given Labor MPs a five-word phrase to use about the Stage Three tax cuts, as a high-profile economist floats a radical plan that would cut everyone's taxes Stephen Koukoulas, …

Stage Three tax cuts bombshell: Claims Anthony Albanese will radically tweak controversial tax plan - here's what it could mean for you
1 year, 2 months ago

Stage Three tax cuts bombshell: Claims Anthony Albanese will radically tweak controversial tax plan - here's what it could mean for you

Daily Mail  

Prime Minister Anthony Albanese is reportedly considering a significant overhaul of the promised Stage Three tax cuts, a radio host has claimed. Prime Minister Anthony Albanese is reportedly planning to overhaul the promised Stage Three tax cuts, a radio host has claimed Under the new plans, lower income earners would instead reportedly receive more relief in an attempt to alleviate …

Why Jim Chalmers can't stop smiling about his Budget update because of an 'invisible' cost YOU are getting stung with - and it's not interest rates
1 year, 3 months ago

Why Jim Chalmers can't stop smiling about his Budget update because of an 'invisible' cost YOU are getting stung with - and it's not interest rates

Daily Mail  

Labor is close to delivering its first consecutive Budget surpluses since the late 1980s - thanks to the axing of tax relief during a cost of living crisis. A second consecutive surplus would make him the first Labor treasurer since Paul Keating in the late 1980s to achieve this feat A second consecutive surplus is a feat Labor hasn't achieved …

We could make most Australians richer and still save billions — it's not too late to fix the stage 3 tax cuts
1 year, 4 months ago

We could make most Australians richer and still save billions — it's not too late to fix the stage 3 tax cuts

ABC  

The Albanese government is about to have to make a really important decision. That's right, a typical full-time worker will get relief of $1,000 from the stage 3 tax cuts in return for losing the axed tax offset of $1,500. What if it kept the tax cuts, but reoriented them to Australians who actually needed them — to the more …

Why stage three tax cuts are actually a good thing for every Australian
1 year, 10 months ago

Why stage three tax cuts are actually a good thing for every Australian

Daily Mail  

Australians on below-average salaries stand to get back $875 when new tax cuts come into effect in July next year - just as inflation eases to more normal levels - despite the Greens pushing the narrative they only help the rich. Australians on below-average salaries stand to get back $875 when new tax cuts come into effect in July next …

Jim Chalmers's budget surplus was a surprise so where has the money come from?
1 year, 10 months ago

Jim Chalmers's budget surplus was a surprise so where has the money come from?

ABC  

It has been billed as the turnaround of the century. Suddenly, that's magically transformed into a $4.2 billion surplus for this financial year, the first time we've seen federal budget black ink since 2008, when Treasurer Jim Chalmers was then-treasurer Wayne Swan's brains trust. If you can believe the forecasts — and let's face it, just a few months back …

Australian govt pledges $10bn to ease cost of living pressures
1 year, 10 months ago

Australian govt pledges $10bn to ease cost of living pressures

Al Jazeera  

Treasurer Jim Chalmers insists measures will not add to the country’s already high inflation. Australia’s centre-left Labor government has pledged to include 14.6 billion Australian dollars in the federal budget for cost-of-living relief for families and businesses, promising it will not stoke inflation. The plan announced on Monday is designed to directly ease price pressures and inflation, the federal government …

Australia's budget is a 'hell of a mess'. The government is not collecting enough, and you are paying too much
1 year, 10 months ago

Australia's budget is a 'hell of a mess'. The government is not collecting enough, and you are paying too much

ABC  

No-one likes paying tax. He argues successive governments have relied too much on "bracket creep", which is basically average Australian wages climbing and pushing more and more people into higher tax brackets, and increasing revenue. The Grattan Institute's Kate Griffiths is among those suggesting changes to the "petroleum resources rent tax", arguing a simple tweak to how gas is priced …

Cabinet minister Ed Husic says Stage Three tax cuts were an election promise that Labor will keep
1 year, 11 months ago

Cabinet minister Ed Husic says Stage Three tax cuts were an election promise that Labor will keep

Daily Mail  

The controversial Stage Three tax cuts - mainly benefiting the wealthy as millions get relief - are here to stay because they were an election promise, a Labor cabinet minister insists. Scroll down for audio A cabinet minister in Anthony Albanese 's Labor government is adamant the Stage Three tax cuts for the wealthy are here to stay because they …

Albanese and Chalmers are sizing up super tax breaks to fix the budget — and those with big balances will be sweating
2 years, 1 month ago

Albanese and Chalmers are sizing up super tax breaks to fix the budget — and those with big balances will be sweating

ABC  

"Stability, confidence and security" was the theme of Prime Minister Anthony Albanese's speech to the National Press Club on Wednesday, as he attempted to stitch together his agenda for 2023 into one grand, cohesive plan. "For less than 1 per cent of people in the system, they've got balances higher than $3 million," the Treasurer told Radio National on Wednesday. …

Labor's first budget back in government will make income inequality worse, and the stage 3 tax cuts are mainly to blame
2 years, 5 months ago

Labor's first budget back in government will make income inequality worse, and the stage 3 tax cuts are mainly to blame

ABC  

The financial benefits of the Albanese government's major tax and welfare policies will flow overwhelmingly to Australia's richest households, making income inequality worse. The modelling shows the government's policies will see the top 20 per cent of households getting an extra $12 billion a year in disposable income in 2024-25. It considers the distributional impact of three major measures in …

Forecast cost for stage 3 tax cuts rises by $11 billion
2 years, 5 months ago

Forecast cost for stage 3 tax cuts rises by $11 billion

ABC  

Treasurer Jim Chalmers says the forecast cost of the stage 3 tax cuts has risen and will now cost the nation around $254 billion over 10 years. Key points: The stage 3 tax cuts were supposed to cost around $243 billion Treasurer Jim Chalmers says the tax cuts will not come into effect for a few years and the budget …

Treasurer Jim Chalmers confirms Stage Three tax cuts cost balloons to $254 billion
2 years, 5 months ago

Treasurer Jim Chalmers confirms Stage Three tax cuts cost balloons to $254 billion

Daily Mail  

Labor has hinted it could delay or abandon controversial Stage Three tax cuts arguing the cost has ballooned out to $254billion - just days before the Budget. Dr Chalmers, delivering Labor's first Budget since 2013 on Tuesday night, hinted the Stage Three tax cuts could be delayed, but also suggested they were already factored in with other spending plans, for …

Australia needs an honest conversation about tax and budgets – and Jim Chalmers is ready to talk
2 years, 5 months ago

Australia needs an honest conversation about tax and budgets – and Jim Chalmers is ready to talk

ABC  

Jim Chalmers is a wily operator. COVID changed everything – except the tax cap Just about every fairly foreseeable crisis couldn't be responded to, if the assumptions in the 2019 budget were to be believed. A separate "tax cap" set out in the budget said the government would never collect more than an arbitrarily chosen 23.9 per cent of GDP. …

Income tax changes ruled out this budget but push for new review into revenue gathers steam
2 years, 5 months ago

Income tax changes ruled out this budget but push for new review into revenue gathers steam

ABC  

Treasurer Jim Chalmers may have ruled out making changes to the stage 3 income tax cuts in his first budget, but there is a growing push for sweeping tax reform in this term of parliament. Key points: Economists say the government could erase around a quarter of its budget deficit by tweaking the stage 3 income tax cuts Tax experts …

Jim Chalmers plays the tease as he pushes to change stage 3 tax cuts
2 years, 5 months ago

Jim Chalmers plays the tease as he pushes to change stage 3 tax cuts

ABC  

When Scott Morrison was treasurer he flew the kite for an increase in the GST. Asked on Thursday whether he'd had Albanese's permission to "float that balloon" on changing stage 3, Chalmers said: "I don't need permission to point out that every budget we hand down, including the one in three weeks' time, will put a premium on responsible economic …

Treasurer Jim Chalmers flags new budget strategy, but tax cap 'plucked from the air' can stay for now
2 years, 6 months ago

Treasurer Jim Chalmers flags new budget strategy, but tax cap 'plucked from the air' can stay for now

ABC  

The Albanese government's first federal budget will include a significant rewriting of official budget guidelines and will Key points: Treasurer Jim Chalmers will hand down the Albanese government's first budget in October He says Australia's downgraded growth would have "consequences for unemployment" He confirms the "Stage 3" income tax cuts legislated by the Morrison government will go ahead as planned …

Federal Budget 2022:Millions of Aussies will be poorer next year without tax rebates
3 years ago

Federal Budget 2022:Millions of Aussies will be poorer next year without tax rebates

Daily Mail  

Millions of Aussies will be worse off next year once $1,500 tax rebates, fuel duty relief and record-low interest rates come to an end, leading Labor to brand the Budget a 'cynical' plan to buy votes. Treasurer Josh Frydenberg on Tuesday announced a boosted tax rebate of up to $1,500 for Aussies earning less than $126,000 But the rebate will …

Budget 2022: Treasurer Josh Frydenberg gives $420 tax cut, $250 cash - so what's in it for YOU?
3 years ago

Budget 2022: Treasurer Josh Frydenberg gives $420 tax cut, $250 cash - so what's in it for YOU?

Daily Mail  

Drivers, jobseekers and middle-income earners are big winners from the 2022 Budget - but state schools, the arts, and high earners have been left in the cold. Winners and losers in the Budget WINNERS Motorists - $300 saving per car over six months with fuel tax cut Universities - extra spending on research commercialisation Jobseekers - training to get into …

Australians expected to get $1,080 tax break from Scott Morrison in federal budget
3 years ago

Australians expected to get $1,080 tax break from Scott Morrison in federal budget

Daily Mail  

Scott Morrison's $1,080 handout will likely return for millions of Australians when the federal budget is announced later this month. 'We haven't made a decision about the low and middle income tax offset, but we have legislated significant structural reform as well as bringing forward stage two of the tax cuts,' he told the ABC. Stage one increased the upper …

Federal budget 2022: Aussies miss out on early tax cuts but fuel duty cut considered as petrol soars
3 years ago

Federal budget 2022: Aussies miss out on early tax cuts but fuel duty cut considered as petrol soars

Daily Mail  

Australian full-time workers will miss out an early income tax cut in the federal Budget later this month - as the government spends more tax funds on cost of living payments to help people cope with soaring prices. Stage one increased the upper threshold for the 32.5 per cent personal income tax bracket from $87,000 to $90,000. Stage two, due …

Shadow Treasurer Jim Chalmers warns tax cuts from the Budget won't offset lower JobKeeper rates
4 years, 5 months ago

Shadow Treasurer Jim Chalmers warns tax cuts from the Budget won't offset lower JobKeeper rates

ABC  

Shadow Treasurer Jim Chalmers warned on last night's Q+A that the Government's proposed tax cuts would not offset losses from a lower rate of JobKeeper, as Assistant Minister for Financial Services and Superannuation Jane Hume defended the Government's changes. Key points: Shadow Treasurer Jim Chalmers and Assistant Minister for Finance and Superannuation Jane Hume engaged in aggressive debate with each …

Federal Budget will bring forward tax cuts as part of coronavirus response
4 years, 5 months ago

Federal Budget will bring forward tax cuts as part of coronavirus response

ABC  

Millions of Australians will have more money in their pockets within weeks, as the Federal Government plans to bring forward and supercharge tax cuts in Tuesday's Federal Budget. Key points: The Budget will bring forward income tax cuts scheduled for 2022 The Budget will bring forward income tax cuts scheduled for 2022 The plan will cut taxes for anyone earning …

How those on $200,000 could see their $11,640 tax cut brought forward from July 2024 in budget
4 years, 5 months ago

How those on $200,000 could see their $11,640 tax cut brought forward from July 2024 in budget

Daily Mail  

Wealthy Australians earning $200,000 a year are set to have their $11,640 tax cuts fast tracked. Treasurer Josh Frydenberg's first budget in April 2019 unveiled three stages of income tax cuts - with the full package passing the Senate after the election. Treasurer Josh Frydenberg's first budget in April 2019 unveiled three stages of income tax cuts - with the …

Government considering bringing tax cuts forward as part of coronavirus economic response
4 years, 8 months ago

Government considering bringing tax cuts forward as part of coronavirus economic response

ABC  

The Federal Government is considering bringing forward planned income tax cuts, after Treasurer Josh Frydenberg's acknowledgement that plunging most Victorians back into lockdown will cost the economy billions of dollars. Key points: The Treasurer estimates Melbourne's lockdowns could cost the economy $1 billion a week The Treasurer estimates Melbourne's lockdowns could cost the economy $1 billion a week Income tax …

ATO flooded with 90,000 calls as tax cuts pass, but urges patience on filing tax returns
5 years, 8 months ago

ATO flooded with 90,000 calls as tax cuts pass, but urges patience on filing tax returns

ABC  

Millions of Australians are set to receive between $255 and $1,080 in tax cuts for the 2018-19 financial year. Key points: More than 90,000 people rang the ATO on Thursday, many of them asking about the tax cuts and also changes to payment summaries Millions of taxpayers are eligible for up to $1,080 in tax offsets when they receive their …

Labor wants tax cut fast-tracking for middle-income earners in return for its support
5 years, 9 months ago

Labor wants tax cut fast-tracking for middle-income earners in return for its support

ABC  

Federal Labor has refused to support the Coalition's full tax cut package, insisting it wants changes to the Government's plan in return for its support. Key points: Labor offers partial support for Coalition tax cut plans Anthony Albanese says he wants some parts fast-tracked to stimulate the economy He wants proposed tax cuts for higher earners set for 2024-25 to …

Labor vows to find $154billion in savings over the next decade to fund its election promises
5 years, 10 months ago

Labor vows to find $154billion in savings over the next decade to fund its election promises

Daily Mail  

Bill Shorten's big-spending election promises will be offset by a $154billion tax grab over the next decade as Labor moves to assure voters it can properly manage the economy. Shadow treasurer Chris Bowen promised a Labor government would deliver bigger and faster surpluses than the Coalition by cracking down on negative gearing for landlords and tax refunds for rich retirees …

Coalition wants to push company tax cuts through Senate in final sitting week
6 years, 9 months ago

Coalition wants to push company tax cuts through Senate in final sitting week

ABC  

The Federal Government is determined to have the Senate deal with its contentious company tax cuts by the end of the week, despite it being a tougher task than negotiating the passage of its income tax cuts. Despite being able to rely on the support of the two One Nation votes and two Centre Alliance votes to pass personal income …

Income tax cut plan passes Senate in all-or-nothing vote
6 years, 9 months ago

Income tax cut plan passes Senate in all-or-nothing vote

ABC  

Almost every question this afternoon — from both the Opposition and the Government's own members — is, unsurprisingly, about the income tax plan that has just been passed. Member for Franklin: Why did the PM team up with One Nation to give themselves a tax cut instead of supporting Labor's plan to give the 39,000 people in Braddon, who earn …

Income tax cut battle raging as Labor rejects most of the Government's plan
6 years, 9 months ago

Income tax cut battle raging as Labor rejects most of the Government's plan

ABC  

Federal Labor has decided to oppose most of the Government's income tax plan, arguing it is unfair and irresponsible. Key points: Labor wants the income tax plan to be split so they can vote in favour of the first part Bill Shorten says his party won't support the second and third stages of the plan Government has insisted it will …

Budget 2018: Find out how much the tax cut will save you next year, and beyond
6 years, 10 months ago

Budget 2018: Find out how much the tax cut will save you next year, and beyond

ABC  

The Government has introduced a massive seven-year personal tax cut package that will mean millions of Australians benefit from next year's proposed changes. From July next year, people earning between $87,000 and $90,000 will move back into the lower tax bracket and pay 32.5 per cent instead of 37 per cent in tax. In 2022, the top threshold of the …

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