A person on $37,000 would get $350 when they complete their tax return after July 1 under Labor compared to the $255 being promised by Mr Morrison. Someone on $40,000 would get $549 compared to the government's $480.
However, the opposition is also debating whether it is better to use some of the slated cost of the Coalition's tax plan to instead pay down government debt, which current stands at $534 billion and is projected to increase to $585 billion by 2022. While coy on what Labor will do during the election campaign, there is growing support in the tax community for key elements of the government's original plan.
"The tax cuts with significant relief to middle-income tax earners is well targeted; it increases incentives to stay in the workforce and also makes up for the puzzling lack of wage growth notwithstanding a growing economy," Professor da Silva Rosa said.
How is Labour funding their plan?
I wish Labor had another leader. They’d be winning by a larger margin. Shorten just comes acrosss as a sneaky Dr Seuss character.
Youre nothing but a mouthpiece for the libs what a turn around from actual journalism to doing what your told ,time to hang up your boots
Out of all the interigent, forward thinking people in Australia these two are the only dickheads they could cone up with? FFS
Good start - actually higher end tax cuts to a smaller group...why not tax cuts to folks who have been missing out.
Two losers.
Morrison is a terrible PM. The crisis is that Bill will be worse.
Moron. god help Australia
Pictured: Australia’s Al Capone...AKA Crooked Shorten! The greatest liar amd BS artist in public life!
More than likely labor are planning on an increase of GST to 12.5%.
Yeah, Bill, nice to marry into money.
...bad, I need the money.
Is there actually people that support not reducing income tax ?
So how is he going to balance the books, tax cuts ? Hand outs... money needs to come from somewhere ?
Very very Impressive!
Showbag Shorten confirms he is a tank amateur
This is irresponsible reporting by The Age. I face there are differences but the money is taken from the rich. Yet another trash paper
Good, if the spending is on health and education it is well worth it. I’m in.
Brilliant. Well thought out plan that's fair to all Australians. Unlike Libs messy elitist budget. Bring on the election!
Fantastic speach
Just give Australians a pay rise!
It's a start - but really what we're looking for is no tax cuts at all. Tax cuts are recklessly irresponsible; we need that money for so many more important things! Denticare. Transport infrastructure. Shutting down the fossil fuel industries and re-allocating those workers…
LNP's bribe is outrageous 'a person on $45,000 paying the same rate of tax as someone on $200,000.' Many ministers r jumping off LNP boat as they knew d gov would go to d dump
Excellent! Use my taxes to support the country, instead of support multinationals and miners that pay no or very little tax. auspol
Only Labor has a concrete, practical plan to get wages moving again - one, if Labor win the election, Labor will legislate to restore the arbitrary cuts to Sunday and public penalty rates in our first 100 days... - billshortenmp auspol budget19