Australia bringing tax cuts forward
News.com.au reports:
Scott Morrison has all but confirmed income tax cuts will be brought forward in the budget after slamming a new advertising campaign arguing against the move as “taking money out of people’s pockets”.
The Prime Minister’s blunt response was triggered by a new national campaign to be launched by the left-wing think tank the Australia Institute today urging the Morrison Government not to fast-track income tax cuts in the October 6 budget.
The campaign, which will be rolled out on television screens from tonight, is arguing against the early introduction of legislated tax cuts worth up to $2565-a-year.
The tax cuts, worth $20 billion, were scheduled to come into force in 2022.
Australia moving fast in the direction of allowing workers to keep more of what they earn.