Uncategorized

Australia imposes sanctions on Russian over Medibank hack


Amid expectations Labor will change the reach of the controversial stage three tax cuts as soon as this week, Prime Minister Anthony Albanese has avoided giving a straight answer on his plans on radio this morning.

Albanese will oversee a cabinet meeting on Tuesday, before convening a snap meeting of the Labor caucus at Parliament House on Wednesday.

Prime Minister Anthony Albanese. Paul Jeffers

On KIIS FM in Sydney on Tuesday morning, the PM was non-committal about changes to stage three.

“I support tax cuts and everyone will be getting a tax cut,” he said.

As legislated, the stage three tax cuts will abolish the 37 per cent rate that applies to income between $120,000 and $180,000, and apply a 30 per cent rate to all earnings between $45,000 and $200,000, covering 95 per cent of workers.

“What we need to do across the board, what we’re doing is looking at how we can help low- and middle-income earners.”

Albanese said middle Australia was doing it particularly tough, nominating mortgage holders in particular.

“We’re looking at ways in which we can provide assistance to them. We did that last year with a range of measures,” the PM said.

“People are benefiting from cheaper medicines, cheap childcare, the energy price relief plan, but we’re looking at other ways as well. Are there other ways that we can provide support for people?”

On Monday, Albanese said Labor wanted to find ways to put extra dollars in people’s pockets and was prepared to act.



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button