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Stage-three tax cuts: cabinet approves new cost-of-living relief for workers on less than $150,000 (www.theguardian.com)

submitted 2 years ago by yesdogishere@kbin.social to c/melbourne@aussie.zone

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Taxpayers earning under $150,000 would be better off under a plan to retain the 37% tax bracket, unwinding the Morrison government’s stage-three tax cuts due to come into effect this year

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[–] fine_sandy_bottom@discuss.tchncs.de 4 points 2 years ago

The only reason the LNP passed this was so they could look like heroes for removing it if they were still in govt, or they could play the "poor economic managers" card against ALP when they adjusted it.

ALP did the only sensible thing here. No brainer IMO.