Anthony Albanese is on a mission to pressure Peter Dutton into a quick decision on the revised stage 3 tax cuts and shift the attention off his broken promise.
Analysis of the overhauled stage 3 tax cuts shows the vast majority of workers would benefit over the next 10 years,as the government prepares to introduce its legislation this week.
Labor will argue thousands of voters in Coalition-held seats in NSW and Victoria will be better offer under its tax overhaul,as the opposition gears up to hammer the government over its broken promise when parliament returns.
The fight over stage 3 tax cuts has shifted to how it will affect jobs. The Treasurer says the overhaul will boost labour supply while the Coalition labelled him ‘Robin Hood’.
The recently reworked stage 3 tax cuts provide an opportunity to sacrifice salary to super without losing out on take-home pay.
Treasurer Jim Chalmers urged the Coalition to back the bigger tax cuts for essential workers.
These days,tricky politics trumps good policy. And neither side has a monopoly on hypocrisy.
New research done by the RBA shows that a huge proportion of the population has no idea about the bank’s most important job. And it’s this combination of ignorance,and broader economic illiteracy,that is being tilled by political populists for their gain (and our broader loss).
One of the nation’s top economic forecasters is warning the financial pain of recent years will continue for the rest of the decade for most Australians.
Teals Kate Chaney and Monique Ryan said they would support Labor’s changes but warned wider reform must be on the agenda to tackle problems such as bracket creep.
We’re well on our way to selling out another generation by telling the easy story instead of the true one.