Your guide to how the tax changes will affect you.
Anthony Albanese says the government’s new tax plan will save the budget money over the long term and will encourage more people into the workforce.
The prime minister is doing something totally different with his stage 3 tax cuts backflip – his broken promise creates more winners than losers.
The Coalition says the changes are an “egregious betrayal” of the Australian people.
Labor MPs have agreed to reduce the amount of tax paid by people in the lowest tax bracket and change the threshold for the top tax rate.
Anthony Albanese is taking his largest ever political risk by overhauling the stage 3 tax cuts. But he is betting a broken promise will be offset by tax relief.
Prime Minister Anthony Albanese has cleared the way for a furious political fight over tax reform by securing a cabinet decision to offer bigger tax cuts to workers who earn up to $150,000 a year by amending the stage 3 tax package.
If you can enact a tax reform that improves both equality and efficiency,you must be doing something right.
Parts of the prime minister’s backflip on tax cuts make good policy sense,but he still shouldn’t have broken an election promise.
From the 2022 election to as recent as early January,Prime Minister Anthony Albanese committed to the tax package.
The nation’s peak employers issued a blistering warning against any change to the stage 3 tax cuts because of the risk to the economy as well as the damage to trust in the government.