Time to ‘bite the bullet’ and axe tax cuts, veteran Liberal MP says | swrighteconomy
nine of the 19 crossbench MPs and senators favoured scrapping or delaying the tax cuts. Two want to retain them, three are undecided and four did not respond to requests for comment.
“We could be spending that money on social housing, defence, it goes on and on. We’re just sending the wrong message to the Australian people at this time that tax cuts for the wealthier cohort of our community are acceptable.”Broadbent said he had been considering his position on the tax cuts for the past year, as government debt climbed. Gross government debt is at $886 billion and forecast to top $1 trillion within two years.
“Parliament made a decision to legislate those tax cuts, and we made a decision that we would stand by that legislation rather than re-litigate it, and we haven’t changed our opinion,” Albanese said.
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