I’m proud to introduce the Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024.
It means every Australian taxpayer will now get a tax cut, right up and down the income scale.
And 84 percent of taxpayers will get a bigger tax cut and more support. #auspol #ausecon 🧵
This means the steel workers I met with in Launceston, the early educators in Carrum Downs, the health care workers in Meadowbrook, the plumbers and sprinkler fitters in Beenleigh –
The truckies, the nurses, the police officers –
Will get a bigger tax cut.
It’s all about supporting people who work hard so that they can provide for their loved ones and get ahead.
It’s all about doing more than just acknowledging people are under pressure and doing something about it.
The @AlboMP @AustralianLabor Government is delivering a tax cut for every Australian taxpayer in 2024. #auspol #ausecon 1/6
These new tax cuts are designed to provide bigger tax cuts for middle Australia to help with cost-of-living relief, while making our tax system fairer. 2/6
The Albanese Government recognises the economic realities of 2024: Australians are under pressure right now and deserve a tax cut. 3/6
We read today that Josh Frydenberg has spent his summer making up another desperate scare campaign, this time on tax. No wonder his credibility is becoming scarcer than a rapid antigen test. Here’s why 👇 #auspol
Frydenberg’s own Government has taxed Australians at a much higher rate than Labor did, yet he still multiplied the debt he inherited even before COVID hit. This is yet another reason you can’t believe a word that he says about tax and the economy.
The facts in Table E.3 on pages 334-335 of Josh Frydenberg’s own Budget update speak for themselves:
Taxes have been higher every year under this Coalition Government than what it inherited from Labor in 2013.
This Budget is yet another marketing exercise that can’t re-brand the mismanagement and missed opportunities that define eight long years of this Liberal-National Government. #Budget2021#auspol
It is a shameless political fix, rather than the genuine reform needed to make Australia’s economy stronger, broader and more sustainable. #Budget2021#auspol
Despite spending almost $100 billion and racking up a record $1 trillion in debt, the Morrison Government’s Budget reveals real wages will go backwards. #Budget2021#auspol
It’s conclusions about the wages-super trade-off does not stand up to scrutiny given wages were historically stagnant after the last time this Government froze the super guarantee.
The Budget will rack up a trillion dollars of debt but still doesn’t do enough to create jobs, fails to build for the future and leaves too many Australians behind. #auspol
Despite producing a grab-bag of headline-seeking announcements, the Government expects another 160,000 Australians to be added to the jobless queues by Christmas. #auspol
Scott Morrison is leaving Australia with one trillion dollars of debt but unemployment is too high for too long, with the jobless rate not expected to get back to pre-crisis levels even after four years. #auspol