Treasurer says changes will benefit ‘middle Australia’ as Anthony Albanese prepares to address press club; storm system forecast to continue to strengthen off Queensland coast. Follow the day’s news live
Get our morning and afternoon news emails, free app or daily news podcast
Treasurer Jim Chalmers claimed the stage-three tax cuts changes, to be unveiled by prime minister Anthony Albanese today, would be “superior to the tax reform that it replaces”.
But the treasurer downplayed prospects of any further cost-of-living relief – for instance, for pensioners or those who don’t pay tax – beyond the stage-three changes.
The proposal that the prime minister will put forward tomorrow means more help for more people, it means a tax cut for every taxpaying worker, and it will be better for middle Australia.
The deputy opposition leader [Sussan Ley] said today that if they are elected, they will unwind these changes. That means the Liberals and Nationals are going to the election with a policy to increase taxes on middle Australia in order to fund even bigger tax cuts for people on the highest incomes.
Continue reading…Treasurer says changes will benefit ‘middle Australia’ as Anthony Albanese prepares to address press club; storm system forecast to continue to strengthen off Queensland coast. Follow the day’s news liveGet our morning and afternoon news emails, free app or daily news podcastTreasurer Jim Chalmers claimed the stage-three tax cuts changes, to be unveiled by prime minister Anthony Albanese today, would be “superior to the tax reform that it replaces”.But the treasurer downplayed prospects of any further cost-of-living relief – for instance, for pensioners or those who don’t pay tax – beyond the stage-three changes.The proposal that the prime minister will put forward tomorrow means more help for more people, it means a tax cut for every taxpaying worker, and it will be better for middle Australia.The deputy opposition leader [Sussan Ley] said today that if they are elected, they will unwind these changes. That means the Liberals and Nationals are going to the election with a policy to increase taxes on middle Australia in order to fund even bigger tax cuts for people on the highest incomes. Continue reading…