tax cuts

Inflation ran hotter than expected in September, continuing to squeeze US households and worsen a political headache for US President Joe Biden with just one month until midterm elections.The Labor Department said Thursday that the consumer…

Treasurer Jim Chalmers has warned the upcoming federal budget would be written on the “backdrop” of a deteriorating global situation and shared new detail on how a likely global recession would hit Australia.“The world is bracing for…

Drastic calls to tackle Victoria’s worker shortage have been made ahead of the federal budget later this month.Peak business body Victorian Chamber of Commerce and Industry (VCCI) unveiled its wish list on Monday, including plans to battle…

Anthony Albanese has indicated he won’t back down on the contentious “stage 3” tax cuts by the May 2023 budget.Asked on Monday if he was conceding his position on the policy could change next year, the Prime Minister said: “Well,…

Peter Dutton has accused Labor of failing to give a straight answer on the stage 3 tax cuts as the Coalition sharpens its attack over possible changes to the contentious policy.The Albanese government is facing one of its first major tests…

Jim Chalmers will warn “no responsible government” could ignore looming fiscal threats to public services as he continues to float the idea of paring back the stage 3 tax cuts.The Treasurer will detail the “big five” cost blowouts facing…

Senior Liberal Simon Birmingham says if Labor were to walk back the stage 3 tax cuts it would breach a promise to the Australian people.The Coalition is poised to attack any changes to the personal tax cuts for workers earning up to…

Labor frontbencher Tanya Plibersek has criticised the UK’s now-scrapped tax plan for high income earners as not “sensible” amid reports that the Albanese Government has canvassed a proposal to cap 2024 tax cuts for the rich.Defending the…

Almost twice as many Australians want the “stage 3” income tax cuts scrapped as those who want to keep them, a new survey suggests.The Australia Institute has released a poll which found 41 per cent of people support the Albanese government…