Prime Minister Anthony Albanese will ask Australians to accept Labor’s broken promise on tax because global events have forced the federal government to unveil a new policy on the cost of living that is “squarely aimed at middle Australia” rather than people on the highest incomes.
Prime Minister Anthony Albanese will ask Australians to accept Labor ’s broken promise on tax because global events have forced the federal government to unveil a new policy on the cost of living that is “squarely aimed at middle Australia” rather than people on the highest incomes.
The statement comes as the government prepares to scale back the stage 3 tax cuts so that workers on about $200,000 a year will receive roughly half the $9075 personal tax cut they were previously promised, making room for bigger benefits for those on lower incomes.Alex Ellinghausen In a key assurance, the government will release Treasury advice that says the new plan will not fuel inflation because the changes are broadly neutral to the overall cost of the package, which is already factored into inflation forecasts. Albanese will unveil the changes on Thursday with an argument that the pandemic, a recession, worldwide inflation, the Ukraine war and the Middle East conflict have changed conditions since he pledged at the election to keep the stage 3 tax cuts in ful
Prime Minister Albanese Australians Tax Labor Global Events Federal Government Policy Cost Of Living Middle Australia Highest Incomes Tax Cuts Benefits Inflation Treasury Advice Pandemic Recession Worldwide Inflation Ukraine War Middle East Conflict
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