The deputy leader of theis speaking in Sydney defending the stage-three tax cuts, amid indications Labor could be reconsidering the cuts.
The cuts would abolish the current 37% tax bracket and lower the existing 32.5% level. However, amid changing economic conditions and talks of a global recessions, the government has started to change their language on the issue. While Labor ministers continue to say they are committed to stage-three tax cuts, the skills minister,, did this morning confirm there are active conversations going on within government about the stage-three tax cuts.For people earning $45,000 to $120,000 a year, this is about reducing the tax on your next dollar from 32.5c to 30c. For those earning more than 120,000 but less than 180,000, it is about reducing your tax burden. The tax on your next dollar from 37c to 30c.
Ley has called out the prime minister’s silence on the issue, criticising that he has made time to talk about botox on radio and go to Midnight Oil concerts but not been upfront about tax cuts: Labor want to disproportionately focus on and demonise those earning a good income. It’s a return to the class war rhetoric we saw in 2019 and if they want to stand around in Sydney, where I’m standing now, and tell people that they earn too much to deserve tax relief they were promised, and they should say that.
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