The treasurer says the Coalition has been given the details of the legislation that will enact Labor’s changes to the forthcoming stage-three tax cuts. Follow the day’s news live
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The treasurer, Jim Chalmers, told ABC News Breakfast this morning the Coalition has “no more excuses” to delay changes to stage-three.
Asked whether the government was willing to negotiate on the changes with the Coalition or Greens to get the changes through the Senate, Chalmers said the Coalition “has the legislation [and] the detail” and they have “no more excuses”.
I say to the Coalition, and I say to the Greens, don’t stand in the way of a bigger tax cut for more workers to help with the cost of living… No more stumbling around and stuffing around, it’s time for the Coalition, in particular, but also the other crossbench members, to come to a position. The detail is out there. The legislation is out there. There are no more excuses.
We’ve put out the impacts on the different income levels, people know that there are cost-of-living pressures in our community. I think this is an important opportunity to do the right thing by people who are doing it tough.
These tax cuts will make it harder for this government, and future governments, to meet community demands for more spending in areas such as healthcare, aged care, disability care, and defence.
The commitment of both major parties to big income tax cuts now, means there will be less money in future to ‘buy’ more worthwhile reforms.
If Labor’s spending $300bn, why do they need to give tax cuts to politicians and billionaires when low- and middle-income earners are still doing it tough?
Continue reading…The treasurer says the Coalition has been given the details of the legislation that will enact Labor’s changes to the forthcoming stage-three tax cuts. Follow the day’s news liveGet our morning and afternoon news emails, free app or daily news podcastThe treasurer, Jim Chalmers, told ABC News Breakfast this morning the Coalition has “no more excuses” to delay changes to stage-three.Asked whether the government was willing to negotiate on the changes with the Coalition or Greens to get the changes through the Senate, Chalmers said the Coalition “has the legislation [and] the detail” and they have “no more excuses”.I say to the Coalition, and I say to the Greens, don’t stand in the way of a bigger tax cut for more workers to help with the cost of living… No more stumbling around and stuffing around, it’s time for the Coalition, in particular, but also the other crossbench members, to come to a position. The detail is out there. The legislation is out there. There are no more excuses.We’ve put out the impacts on the different income levels, people know that there are cost-of-living pressures in our community. I think this is an important opportunity to do the right thing by people who are doing it tough.These tax cuts will make it harder for this government, and future governments, to meet community demands for more spending in areas such as healthcare, aged care, disability care, and defence.The commitment of both major parties to big income tax cuts now, means there will be less money in future to ‘buy’ more worthwhile reforms.If Labor’s spending $300bn, why do they need to give tax cuts to politicians and billionaires when low- and middle-income earners are still doing it tough? Continue reading…