Prime Minister Anthony Albanese has pledged to assist middle-income earners facing financial difficulties, raising suspicions that he will modify the contentious stage three tax cuts. The comments were made ahead of an emergency caucus meeting to discuss measures to alleviate the cost of living. Experts suggest that the tax cuts could be reformed to provide relief to financially strained households, but the Opposition argues that this would break an election promise. The stage three cuts are scheduled to take effect on 1 July.
Prime Minister Anthony Albanese has vowed to help middle-income earners doing it "tough", fuelling suspicions he will amend the controversial stage three tax cuts . "I support tax cuts and everyone will be getting a tax cut," he told Sydney radio station KIIS FM on Tuesday.
"What we're doing is looking at how we can help low and middle-income earners, middle Australia particularly is doing it really tough, people have a mortgage, so we're looking at ways in which we can provide assistance to them." The comments come ahead of Wednesday's emergency caucus meeting to discuss cost of living relief measures , two weeks before parliament typically resumes in February. Under the stage three cuts, a single tax bracket of 30 per cent would apply to people earning between $45,000 and $200,000 annually. Experts have suggested the stage three tax cuts could be reformed to offer relief to households under financial strain , but the Opposition says that would mean breaking an election promise. The cuts are due to come into effect on 1 Jul
Australia Prime Minister Tax Cuts Middle-Income Earners Financial Difficulties Cost Of Living Reform Election Promise
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