Greens threaten to amend budget unless government dumps top-end tax cuts

2022-06-23 18:15:00

Instead, the Greens have flagged they may seek changes to other legislation enacting parts of the budget outside the appropriations bills that ensure money continues flowing for government functions.

Under the stage-three tax cuts, which were legislated in 2018 by then-treasurer Scott Morrison, the 37 per cent tax bracket will be abolished, the top 45 per cent bracket will start from $200,000 and the 32.5 per cent rate will be cut to 30 per cent for all incomes between $45,000 and $200,000.

The cuts are on track to cost the budget $37 billion a year by the early 2030s, according to costings by the Parliamentary Budget Office that the Greens released during the election.

Cut through the noise of federal politics with news, views and expert analysis from Jacqueline Maley. Subscribers can sign up to our weekly Inside Politics newsletter here.

#Greens #threaten #amend #budget #government #dumps #topend #tax #cuts

Source by [earlynews24.com]