Stage-three tax cuts: Labor’s changes to pass parliament with Coalition support

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Peter Dutton says opposition won’t stand in the way of Labor plan, but Greens still in negotiations over $359bn package

The Coalition party room met on Tuesday, endorsing a decision of shadow cabinet to attempt to amend but

“We are supporting this change not to support the prime minister’s lie but to support those families who need help now,” the opposition leader told a press conference. “Because Labor has made decisions that have made it much harder for those families and that is the position we have adopted as a party room.”

Dutton cited the $9bn a year cost of abolishing the 37% tax bracket, and noted that “elements of stage three” had “become redundant” because some of Labor’s changes had also benefited high income earners. Coalition shadow ministers have been repositioning on Labor’s tax plan since last week, insisting that the Liberals and Nationals are the parties of lower tax and promising not to seek to repeal the changes.

 

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