10 MILLION AUSTRALIANS BETTER OFF UNDER LABOR’S INCOME TAX CUTS

CHRIS BOWEN MP.
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5 years ago
10 MILLION AUSTRALIANS BETTER OFF UNDER LABOR’S INCOME TAX CUTS
CHRIS BOWEN MP
From 1 July this year, 10 million Australians earning up to $125,000 will be better off under Labor and its bigger, better and fairer income tax cuts.
 
And after 2022, Australians earning below $95,000 will be better off under Labor’s plan.
 
Today’s message from the Liberal Party is for Australians to vote for them two more times to get the benefits of the stage 2 and 3 income tax cuts. Nobody trusts Scott Morrison and Josh Frydenberg.
 
Federal Labor is offering a better tax cut right now, not in two elections’ time.
 
This is supported by 2016-17 data provided by the Liberal Party today which shows the numbers of those better off under Labor by the top 30 electorates:

 
Mr Frydenberg’s latest tax data dodge is based on a hypothetical scenario in 2022 and 2024, as if a future Labor Government would never look to return bracket creep or provide further income tax cuts, when it is fair and sustainable to do so.
Treasury