Richmond Labor MP Justine Elliot said that the Albanese Labor Government is delivering a tax cut for every taxpayer on the North Coast starting on 1 July 2024.
‘Labor’s new tax cuts are designed to provide cost-of-living relief to middle Australia while making our tax system fairer,’ she said. ‘Around 71,000 people, every taxpayer on the North Coast, will receive a tax break from 1 July 2024 under Labor’s better tax cuts announced by the Prime Minister and Treasurer.
‘The average tax cut will be $1,384 for locals and around 61,000 people, or 87 per cent of taxpayers, will receive a bigger tax cut than they would have under the plan Scott Morrison legislated five years ago.’
Mrs Elliot says the average Australian wage earner on $73,000 per annum will receive a tax cut of $1,504 which is more than $800 extra in their pocket each year than they would have received under the Liberals and Nationals.
‘This is about more help with the cost-of-living and more help for middle Australia,’ she said. ‘We’re delivering more help for working families and more help for Australians already under the pump from the cost of living, putting cash back into people’s pockets when they need it most.
‘Our tax cuts are about ensuring more workers on the North Coast can keep more of what they earn because we know that will take pressure off people doing it tough.’
To see how you will be affected by the latest tax cuts announcement, there is a calculator on the Treasury website: www.treasury.gov.au/tax-cuts/calculator.
Australia Institute response
Progressive public policy think tank the Australia Institute has also welcomed the tax cuts announcement, saying the modifications to the Stage 3 tax cuts will make them fairer, despite the political risks to the Albanese Government.
In a statement the Australia Institute said, ‘Over the past five years, our research led the case to change the Stage 3 tax cuts, and the federal government has listened.
‘Low and middle income Australians will be $84 billion better off over the next ten years thanks to changes to the Stage 3 tax cuts, while high income earners will “only” receive $4,529 instead of the $9,000 promised by Scott Morrison.’
According to the think tank, ‘The tax cuts will be better and fairer — everyone earning under $146,500 will be better off. The 37 per cent tax bracket will be retained, ensuring our income tax system won’t be “flattened” and preserving the progressive nature of our income tax system that protects against entrenched inequality.
‘All Australian workers will receive a tax cut – and those cuts will be distributed far more evenly across our community rather than concentrated on our highest income earners.’
The Australia Institute also noted that the proposed tax changes still need to be legislated in parliament, saying ‘The Dutton Coalition has already said they will vote against the changes, and there is already a fierce backlash from the business lobby to protect the tax cuts for high income earners.’
Was always likely to happen. The most common responses were things about “not planning to change them” and “not our policy to change them”. Well guess what – now it is (policy) and a damned good thing!
The hangover legislation was a gift to those on the “left” who carried on as though the whole process of dumping them would be a simple matter of choosing right and wrong. The “right” may now see it as a gift that will enable them to posture and fret about broken promises. Both understand the tacit political realities and both are ready for political gamespersonship.
The thing is, with the Coalition position being already legislated, will the Greens attempt to block the changes and be happy to leave us with the original? Will the Coalition go to an election promising to tax most people more?
At the Press Club, a journalist interrupted the PM’s answer to her question with a clarification that she was not asking about whether it is good policy just whether it’s a broken promise. Let’s hope our media can resist the gotcha formula learn to focus on both and ultimately the Australian constituency too can look through the histrionics.
Thanks for that announcement, Ms Elliott.
Did the Labor gathering come up with any relief RIGHT NOW for struggling families trying to pay their bills?
Surely Tax relief is only part of the package?
What do you want – $100,000 cheque in tomorrow’s mail? After all, whatever’s going on – inflation, interest rates, price gouging, property prices – it’s all the government’s doing since 2022.
There have been some measures already and this is more to redress the shockingly inequitable wealth distribution in the country. All of it is more than you would have got under the last lot.
Ms Dot+Moller, the tax cuts are certainly only part of the Labor Govt’s cost of living relief for struggling families, maybe I could see if Ms Justine Elliott could come around and hold your hand for a while in the meantime.
A huge majority, especially low income households, have now received a real tax deduction that they would never, ever get under any LNP Govt. Like clockwork, the tsunami of predictable repetitive squeals, whinging and whining from the usual suspects in the LNP/Media attempting drown the message in a contrived sea of BS, to distract from the actual facts.
Looking at Suss an Ley’s Facebook page last night, after she stated the LNP would reverse all tax cuts. It was almost 100% against the former LNP legislated tax policy and absolutely supportive of Labor. “Take a look”.
The otherwise “policy free LNP”, is in big trouble electorally, this tax cut to so many, people have become “Economically Woke” this is the LNP’s worst nightmare.
Not an LNP Govt anywhere on mainland Australia after 9 wasted years of LNP economic catastrophe. Can their LNP media protection racket shield them from the reality of the Australian voters clearly understanding, “Woke” to just what has been going on and finally “Woking up” to the contrived nonsense served up by the LNP/Media any longer? Is it any wonder the LNP/Media constantly demand you to be “unWoke”?
There is a bit to unpack with Albo’s Stage 3, 2.0 tax change.
That Albo / ALP he is now painted as a liar, self inflicted own goal that they have to own as Lord Dutton gets gifted another issue with which to wallop Albo / ALP, this one all the way to Election 25.
It was dumb ALP waving through, didn’t have its heart in it, in 2019 for Scotty’s Stage 3 tax cut that would follow in…..2024.
Who would have guessed that conditions would in 2024 be different to those in 2019?
Having said all that, ‘managing’ is never just set and forget.
Conditions are vastly different now compared with 2019 and ‘managing’ means dealing with and responding to today’s circumstances.
A ding dong battle is ahead with Dutton making out he can be trusted to keep his word and painting Albo as a liar Vs Albo painting himself as the hands on manager acting as governments need to with circumstances presented and painting Lord Dutton and Sussan Ley as a the face of the incessant whining Moanalition.
Its going to be a wild and entertaining ride.
You’ve sort of said it all here, Joachim. Labor opposed the policy when it was first proposed and suggested modifications. When it went to the senate they said it was imperfect but didn’t want to deny low wage earners relief. In reality they probably didn’t want to give fodder to the image of Labor as high taxing ( contemporary political poison, though we all want roads, schools, hospitals etc – go figure!)
The coalition wasn’t expecting to get back in 2019 and wanted to leave a few landmines. As you rightly pointed out Labor were on a hiding to nothing. Oppose the changes in 2019 or 2022 they lose. Deal with all the commentary about what bad policy it was (and always was) but stay the course, look ridiculous and yes, they lose. Try to repeal the package, give fodder to the gotcha media and conservatives and yep, they lose.
Or have they? The new package is revenue neutral ( just slightly more generous, and a lot more generous to a lot more) so who is going to appear to a greater number as the higher taxing party? Will the Greens risk blocking it in the senate and take responsibility for leaving us with the original abomination?
Interesting times ahead indeed. And these are the complexities and risks a party of government – as opposed to a party of protest – has to deal with.
The Greens are the party of making proposed legislation that is not cutting it, a whole lot better. If that is ‘protest’ then we need a whole lot more of it – The NACC, Climate, Housing, are examples of Greens improvements of ALP proposals.
The Greens are the party of making undeliverable promises to their voting base, their intransigence is very often their downfall, but hey, they’re not in Govt so they don’t pay the consequences when the majority of Aussie voters get pissed off.
Keith, you not making sense, again – the Greens just like all other politicians, face elections.
Good policy and good governing will be rewarded, the opposite holds true as well.
If the ALP can’t make things work, then they need to explain it better or step aside and let others take a turn at the government tiller.
Keith, you should be thankful we have the Greens, always fixing up your ALP mob’s policy inadequacies, making your ALP mob look a lot better.
They face elections but they don’t have to keep promises because they’re not in government. They don’t have to answer for national debt, inflation and subsequent interest rate rises.
I’m wondering though how their electoral chances would be affected by blocking the amended stage 3 in the senate. The original is already L A W law so that’s what we’d be left with.
No doubt though, things like raising jobseeker, pensions will be traded off for their cooperation – because of already existing plans to do it anyway!
Lizardbreath, “I’m wondering though how their electoral chances would be affected by blocking the amended stage 3 in the senate. The original is already L A W law so that’s what we’d be left with.”, and why is it – Stage 3 – L A W, because Lab ‘teamed up’ with LibNat to vote it into L A W.
The Greens opposed Scotty’s unfair tax package all along and the ALP could have grown a spine and ‘teamed up’ with the Greens to nix it.
The Greens recorded increased primary vote at Election22, the ALP tanked its primary vote to a historic low. The ALP being Liberal-lite doesn’t cut it.
They passed it and I’ve already discussed why. At least address these issues rather than just rinse and repeat.
Labor attempted, through negotiations in the senate, to split the bill but couldn’t get sufficient numbers. They were nicely wedged.
Of course the Greens opposed them – who cares if a few lower income earners miss out on a tax cut?
Lizardbreath, details do matter.
The ALP could have taken a stand to oppose what they knew was an unfair tax package but instead waved it through and saying repeatedly and all the way through to January 2024 that they / ALP fully supported the tax package.
Where was the ALP at the time putting forward its own tax package alternative?
Nowhere, as usual being lazy on policy, just happy playing copy cat.
A giant rod has been made for its own back as Albo / ALP desperately fending off the liar and broken promise lines.
They could have, back in 2019, come up with their own policy but they’d have Buckley’s of getting it through the reps without the numbers.
The thing is, it was absolutely ridiculous trying to formulate fiscal policy so far in advance. The optimal time for the government to amend the policy was close to the time of implementation. Like 5 months before -ie now. That way they have allowed time for the readings and the sittings and the debate – but the full picture of current economic circumstances can be considered.
The other little advantage the government has now is access to the treasury boffins who can model the different options for their full economic implications. If they’re going to bring an amended proposal, now is the time to do it.
“ A giant rod has been made for its own back as Albo / ALP desperately fending off the liar and broken promise lines.” Sure, all Labor haters will ride this line for all its worth but I think there’s a bit of consternation in conservative ranks as well – they face a taste of the wedge!
A bit of history for you Joachim. From the Guardian 4 July 2019:
‘ The Coalition’s tax plan was supported by Labor even though the party had argued it was “irresponsible” to lock in benefits for higher income earners.
‘REGARLDESS OF LABOR’s POSITION, THE COALITION HAD SECURED ENOUGH SUPPORT FROM THE SENATE CROSSBENCH TO LEGISLATE THE 10x
-YEAR PLAN after striking a deal with Tasmanian senator Jacqui Lambie and the Centre Alliance..
‘The Labor leader, Anthony Albanese, said that despite Labor’s concern that the bill locked in unaffordable tax cuts from 2024-25, the shadow cabinet had decided it would not stand in the way of relief for “working Australians”.
‘ “We do not want the circumstances whereby an economy that’s struggling prevents people getting a tax benefit of up to … $1,080,” Albanese said.
‘ The opposition had tried to force the government to split the legislation, urging the crossbench to support its bid to bring forward the second stage of the tax cuts and defer the third stage that would flatten the tax rate to 30% for all workers earning between $45,000 and $200,000.
“WHEN IT BECOMES UNLIKELY YOU CAN GET EVERYTHING YOU WANT … YOU NEED TO PRIORITISE what’s most important to you and that’s what we’ve done here,” Chalmers said. “We won’t oppose the full package if it comes to the Senate unamended because our highest priority is to make sure that Australians do receive that tax cut next week.
“Our highest priority throughout has been to get money into the hands of workers and circulating through a weak economy.”
Albanese said the party reserved its right to repeal the third stage of the package, but would be reassessing its position before the next election based on economic circumstances at the time.’
Prioritise, that’s what serious parties do, not just grandstand.
That basically means that your proposition that:” The Greens opposed Scotty’s unfair tax package all along and the ALP could have grown a spine and ‘teamed up’ with the Greens to nix it” was W R O N G wrong
The proposition that : “ Where was the ALP at the time putting forward its own tax package alternative? Nowhere, as usual being lazy on policy, just happy playing copy cat “ seems likewise to be W R O N G wrong .
Do your homework Joachim!
There’s a film I haven’t seen yet but I’m assuming it’s about the Greens. It’s called Everything Everywhere, All at Once.
“ It was dumb ALP waving through”. It was not “waved through” and an original attempt to have the bill split was thwarted in the senate.
“… self inflicted own goal “. You surely cannot be that oblivious to the political dynamics involved.
It would be so refreshing if everyone, mainly the media, were sufficiently candid, acknowledged this was always an e Treme right wing attempt to flatten the tax system and just concentrate on the merits of the proposed changes.
It would be extremely refreshing if the Greens could just say: “yep, weLL done ALP, this is a far superior package” – and just get out of the way!
Fantastic Justine, your extra $26.61 a week will buy me, ahh, mmm, or pay for mmm, not much at all. Was it worth losing your and your best prime minister of all times credibility over, Albo’s word is not his bond, who will ever trust this lying union puppet ever again?. extremely poor judgement bought on by polls fear, better get a new lot of advisors Albo, they shafted you.
Surely better than a poke in the eye with a burnt stick Gregggggggtrrrŕr?
Greggy my man, another Aussie PM, this time PM Albo who lied, I feel your pain as well.
Frenchie President Macron found out first hand – “I don’t think, I know” – that ex-PM Scotty lied to him over building Submarines.
Ex-PM Abbott and his now infamous pre-Election2013 pledge, “no cuts to education, no cuts to health, no change to pensions, no change to the GST and no cuts to the ABC or SBS” under a Coalition government. Once elected the cuts came, the only thing that the Coalition spared was the GST.
Ex-PM Honest John, I can’t list them all, you need to dial up,
aph.gov.au
https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query…
ParlInfo – Truth overboard: 27 lies told by John Howard and counting
Download PDFDownload PDF
Fantastic Justine, your extra $26.61 a week will buy me, ahh, mmm, or pay for mmm, not much at all. Was it worth losing your and your best prime minister of all times credibility over, Albo’s word is not his bond, who will ever trust this lying union puppet ever again?. extremely poor judgement bought on by polls fear, better get a new lot of advisors Albo, they shafted you…
Greggy, we got your post the first time. No need for repeater postings.
The only people who have lost all credibility are those who bitched ad nauseum about what bad policy it was and now – as predicted – want to bitch about it being changed. Also losing reliability is the political commentariat who are way more interested in politics than policy.
Fine, discuss to what extent it’s a broken promise, or a breach of trust and the likely political outcome. But ff’s give the odd column centimetre to interrogating the merits of the POLICY implications.
That was meant to be “credibility” of the political commentariat. I’d like to give a shout out to the writer of the Echo’s backlash, who simply acknowledged: Job well done!
Joachy, I don’t remenber asking for your opinion, they only need to publish it once. Besides that, it is by business how I conduct my affairs, so butt out, you would not understand my motives.
Greg sorry to but in, but I don’t think anyone understands your motives.
Gotta yell at something when everyone else has had enough & left
Joachim, that reply about “If the ALP can’t make things work, then they need to explain it better or step aside and let others take a turn at the government tiller” is an absolute screamer, best belly laugh I’ve had for some time well done, have you ever considered a life in full time comedy, you know something like Mandy Nolan does.
Keith, laughing is good for the soul and in these troubled times, laughing is excellent medicine – Dr Joachim is at your service.
Ha, Ha, Ha.