Millions of Australians to be worse off from tax cuts

Millions of Australians are set to take home less of their income as the federal government proceeds with scrapping tax cuts for middle-income earners.

The federal government's decision to discontinue a tax offset for middle-income earners comes as the scheme was becoming too expensive.

This stimulus package was introduced under the former Morrison government as it was originally a measure designed to support households and encourage people to spend in propping up the economy at the start of COVID-19.

Some economists have called this scheme inflationary and suggested it is the right move to discontinue it, but some others suggest it should be extended as cost of living pressures increase.

[matmann]

You were all warmed .
Labor always means more taxes

[whiskeygamer]

The ALP sealing the Fate on Australians.

[dmgrl]

Everyone is worse off under Labor/Greens

[thetheraine]

funny how the poorest always get hit the hardest...

[KevinHoekman]

Labor in charge, you have less money. Enjoy reaping what you sowed.

[johncorlett]

they haven't talked about 20% gst

[Conky]

Wait till the dollar drops and petrol doubles- wait till unions double wages.

[Design_no]

The alp are for the workers 😂😂😂😂😂😂😂😂😂😂😂😂😂

[DJ-yjvg]

Tax more, spend even more, that's the Labor way!

[serviusm]

If it was Covid stimulus, then there is nothing wrong with removing it.
It is like removing payments for the carbon tax. Once the tax is removed, any associated payments should end.

[dave]

Labour always looking after the common working man

[krs]

Strange how the Labor party are only following "Mandates" for the extremely vague things they promised at the election and not the Mandates to the explicit "Unity Ticket" things they promised.

[tomjones]

Journalists smiling as peasants get robbed

[stewatparkpark]

Tax brackets not indexed under Labor's 7% inflation either .

[FastLaneFPV]

Did I just hear on the news, that Albenese is lowering the taxs paid if earning 93k plus and raising taxes of theose earning 53k? WTF
All while rent goes up! This has to stop, it's criminal

[brad.dalton]

Taxpayers have to pay for new submarines and morrison government mismanagement during covid.

[Jack-qkxv]

Why is everything under labour designed to take more of your hard earned money and increase government power / regulations?

[bretloyd]

Someone COULD be worse off than what they MIGHT have been.

[brianrmorris]

Anyone agree that tax payers votes should more valuable than non tax payers? Maybe we would be better off.

[titan-tmkl]

Can't stand this treasurer hes a mister good wrench