Normal
Seems as if the Government will be reworking the tax cuts to ensure a better balance of benefits to low and middle class tax payers.Naturally the Opposition and Big Business is going to be pearl clutching at such perfidy. I suppose the Libs could go to the next election vowing to reverse these cuts and return them to the top tax bracket income earners. That should go down well. Labor poised to alter stage-three tax cuts for cost of living relief as bitter stoush with Coaltion loomsCaucus meeting in Canberra on Wednesday to hammer out ‘substantial’ cost of living relief to low and middle income earnersGet our morning and afternoon news emails, free app or daily news podcastPaul Karp Chief political correspondent@Paul_KarpTue 23 Jan 2024 20.39 AEDTLast modified on Tue 23 Jan 2024 20.41 AEDTThe prime minister, Anthony Albanese, is poised to amend the controversial stage-three tax cuts after a crucial caucus meeting in Canberra on Wednesday in a move designed to offer “substantial” cost of living relief to low and middle income earners.However, any tinkering of the agreed-to stage-three package sets the stage for a bitter political brawl with the opposition to claim a broken election promise.Ahead of a cabinet meeting on Tuesday Albanese, promised that “everyone will be getting a tax cut”, comments that MPs noted did not rule out making the stage-three tax cuts less generous for some.[URL unfurl="true"]https://www.theguardian.com/australia-news/2024/jan/23/labor-poised-to-alter-stage-three-tax-cuts-for-cost-of-living-relief-as-bitter-stoush-with-coaltion-looms[/URL]
Seems as if the Government will be reworking the tax cuts to ensure a better balance of benefits to low and middle class tax payers.
Naturally the Opposition and Big Business is going to be pearl clutching at such perfidy.
I suppose the Libs could go to the next election vowing to reverse these cuts and return them to the top tax bracket income earners. That should go down well.
Caucus meeting in Canberra on Wednesday to hammer out ‘substantial’ cost of living relief to low and middle income earners
Paul Karp Chief political correspondent
@Paul_Karp
Tue 23 Jan 2024 20.39 AEDTLast modified on Tue 23 Jan 2024 20.41 AEDT
The prime minister, Anthony Albanese, is poised to amend the controversial stage-three tax cuts after a crucial caucus meeting in Canberra on Wednesday in a move designed to offer “substantial” cost of living relief to low and middle income earners.
However, any tinkering of the agreed-to stage-three package sets the stage for a bitter political brawl with the opposition to claim a broken election promise.
Ahead of a cabinet meeting on Tuesday Albanese, promised that “everyone will be getting a tax cut”, comments that MPs noted did not rule out making the stage-three tax cuts less generous for some.
[URL unfurl="true"]https://www.theguardian.com/australia-news/2024/jan/23/labor-poised-to-alter-stage-three-tax-cuts-for-cost-of-living-relief-as-bitter-stoush-with-coaltion-looms[/URL]
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