Sector support for Stage 3 tax cuts

“We note that all wage earners will benefit and that the new schedule is no longer skewed upwards but focused on low and mid-level wage earners. These are the average Australians struggling with the high cost of food, electricity, rents and mortgages and other essentials. “People on average incomes will see a doubling of their tax benefit and this will help create a fairer Australia, which is the focus of our advocacy positions.”

“Without these amendments, the stage three tax cuts were set to supercharge inequality, further lining the pockets of Australia's wealthiest with another $9075 they did not need while offering nothing to those on the lowest incomes bearing the brunt of a cost-of-living crisis."

“With people on low and modest incomes facing a serious cost of living crisis, we had repeatedly urged the Albanese Government to not proceed with giving the most dollars to people on the highest incomes. The changes announced today are a better deal for people earning low, modest and middle incomes, including people earning under $45,000. “We are pleased the Albanese Government has listened to the community to make the package fairer.”

“We commend the decision to change course on the stage three tax cuts. This is an important step in making the Australian tax system more equitable. We hope it generates a sharper focus across the federal parliament on what can be done to reduce poverty and grow prosperity for all.”

“Australians are being given the false impression (by the Coalition) that they would be better off under the old package. That is simply not true. Instead of helping people cope, the original design of the tax cuts would leave behind the most disadvantaged part of the country. “This is a clear choice. The Opposition can support spending on the country’s wealthiest areas – or they can back changes that give cost-of-living relief to their constituents who actually need it.”