New Treasurer Scott Morrison flags income tax cuts to kickstart economy

NEWLY minted Treasurer Scott Morrison has flagged the prospect of Howard Government-era personal income tax cuts in order to reward Australia’s hard workers.

Scott Morrison

NEWLY minted Treasurer Scott Morrison has flagged the prospect of future tax cuts, saying he wants to reward people who work hard.

Mr Morrison says the Turnbull Government would take a different approach to kickstarting the economy, rather than simply “stopping” things like the carbon and mining taxes.

“As a principle of people keeping more of their own money … yes I believe you can,” he told The Daily Telegraph on Wednesday.

Mr Morrison vowed to return Australia to the era of personal and family income tax cuts, telling the Telegraph that reward for effort had all but vanished from the country.

Assistant Innovation Minister Wyatt Roy says it’s important Australia is a low-taxing economy to lure entrepreneurs from all over the world.

“We are not going to have the jobs we need if we tax ourselves out of prosperity,” he told the Nine Network.