The Albanese government would have the numbers to axe the stage three tax cuts in the Senate.
that an analysis by the Parliamentary Budget Office shows men will get $160.6 billion of that money, while $82.9 billion will go to women.
The member for Kooyong, Monique Ryan, said “anything that’s going to give $243 billion to top income earners over our society is inadvisable”. ”The proposed stage three cuts provide a windfall to the wealthy that would cost the budget $243 billion over 10 years.” “The economic argument for these tax cuts at the time they were put forward did not make sense, and is even harder to justify in the current economic situation.”
”What’s needed instead is a root and branch review of taxation in Australia, not unlike the 2010 Ken Henry tax review, except that this time around a review needs to lead to meaningful reform,” he said.
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