Albanese unveils stage three tax ambush
The PM will use his National Press Club speech today to argue changed economic circumstances forced him to break his stage three tax cuts election promise.
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More than a million households to be worse off
More than 1.1 million households will be left worse off under Labor’s proposed changes to the stage three reforms, which will shift more of the benefits to lower and middle income taxpayers.
Winners and losers in PM’s tax cuts broken promise
Anthony Albanese’s backflip will likely see July 1 tax cuts halved for many Australians and those on higher incomes face a substantially bigger tax bill. See how you will fare.
Albanese’s broken tax cut promise creeps up
Anthony Albanese will breach his election pledge by proposing an overhaul of tax cuts, including retaining the 37pc tax bracket for those earning more than $135,000.
Labor backflip on taxes would hit 1.5m workers
An extra 1.5m Australians will be pushed into the top tax bracket over the coming decade if Labor chooses to renege on raising the highest threshold as legislated in the stage three tax reforms.
Labor caucus split on stage three: tax cut on the line
The PM faces a divided backbench, with MPs warning any changes will expose Labor to a political campaign similar to the Gillard-era broken pledge on a carbon tax.
Recession warning as growth slackens
The next six months could prove make-or-break for the economy, leading economists warn, as stalling growth in early 2024 risks tipping the nation into recession.
Middle Australia out in the cold
Middle class Australian families are working harder than ever but earning less than they were before the pandemic, as soaring interest rates, rents and cost of living lower real incomes.
‘Bureaucrat state’ caught in public debt grip
Experts warn Victoria’s bloated public service will make it harder to repair the state’s shattered budget and pay down the highest debt levels in the country.
Scrutiny for Premier over rate at which public sector is growing
Victorians should be alarmed with the extraordinary growth in size of their state public workforce, and demand answers from Premier Jacinta Allan.
Original URL: https://www.theaustralian.com.au/author/patrick-commins/page/17