Bill Shorten to promise 2.9 million workers a bigger tax cut, pledge billions to health l CroweDM
The decisions set the scene for a crucial election argument over tax reform, with the government promising $158 billion in tax cuts over 10 years while Labor rejects the third stage, worth $95 billion over the period, and questions some of the second stage.This mirrors the decisions taken one year ago when the government outlined tax relief worth $144 billion over seven years and Labor voted against tax cuts worth $70 billion when the full package was legislated.
In a fast-moving policy fight ahead of the election, the government was forced into an embarrassing backdown on a one-off energy assistance payment to those on income support. Mr Morrison also hit back at claims the forecast budget surplus was built on a $1.6 billion shortfall in spending on the National Disability Insurance Scheme, arguing the underspend was due to the fact that fewer people than expected applied for assistance.
“When our plan is fully rolled out, by 2024-25, that proportion that 5 per cent pays actually increases, so the system arguably even gets more progressive under our plan.” The NATSEM analysis found the per capita gain in annual disposable income from June 2022 would be worth $283 to those in the eastern Sydney electorate of Wentworth, held by independent Kerryn Phelps, and $291 to those in the electorate of Sydney, held by Labor deputy leader Tanya Plibersek.
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