Australian Politics

1289 readers

21 users here now

A place to discuss Australia Politics.

Rules

This community is run under the rules of aussie.zone.

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

founded 1 year ago

MODERATORS

[email protected]

We could make most Australians richer and still save billions – it’s not too late to fix the Stage 3 tax cuts (theconversation.com)

submitted 1 year ago by [email protected] to c/[email protected]

7 comments fedilink hide all child comments

The Albanese government is about to have to make a really important decision.

It’s going to have to decide what’s more important: supporting Australians who are financially under water, or keeping an election promise.

And it’ll have to do it soon. It’s already working on its May budget, now just six months away.

That choice will affect almost every Australian, and it could shape whether you’re thousands of dollars a year better off – or not – from July next year.

[...] When asked in an Australia Institute survey what was more important – keeping a promise or reacting to changing economic circumstances – 61% picked reacting to changing circumstances.

Even among Coalition voters, 56% supported reacting to changing circumstances.

It puts the Stage 3 tax cuts in play. There’s still time, and plenty of electoral and economic reasons to rejig them.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 5 points 1 year ago

Yeah but the best way to address that for all Australians is to increase the lower tax bracket, not the upper. Or at least increase both. Or lower tax rates on the lower bracket. Or, instead of lowering taxes, we could just spend them properly, but that's an altogether different line of thinking.