Push to delay stage 3 tax cuts

Amid a resurgence in price pressures , households should wait a little longer to receive personal income tax cuts , some analysts have argued.

Dr Angela Jackson warned that the tax cuts would create “more headaches” for the Reserve Bank. Picture: supplied. While admitting that the tax cuts had already been legislated, Ms Jackson said there remained a case for their introduction to be deferred.Instead, Dr Jackson called for more focused spending to assist those who had suffered from “really significant falls in their real incomes.”

Westpac Business Bank’s chief economist Besa Deda, also speaking at the National Press Club, said federal spending policy was “loosening slightly”.

Tax Package Price Pressures Least Delay Rate Cash Rate Counter Bracket Creep Possible Time Real Incomes Bracket Creep Westpac Business Bank Reserve Bank Inflation Figures Personal Income Tax Interest Rates Jim Chalmers Delay Rate Cuts Real Challenge Angela Jackson National Press Club Judo Bank Stimulus Payments The Grattan Institute Resurgent Price Pressures Chief Economist Interest Rate Decision Newswire-Business Tax Cuts Besa Deda Income Tax Cuts Warren Hogan Federal Spending Policy Rate Hikes

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