Winston wants to know why the tax cuts were for everyone and not just those who really need it?
Albanese:
To put really clearly, there were tax cuts legislated under the former government. They went primarily to high income earners. I would have got $9,000 so would Peter instead, we got four and a half, and we gave it to everyone by lowering that bottom marginal tax rate.
Now what we’ve done is we’ll lower it by a cent and then a further cent over the next over the next term of government.
Of course, we wanted to make sure that every Australian got a tax cut. And the way that you make sure that low and middle income earners benefit is to target that first marginal tax rate that kicks in, of course, $18,200 and goes up to $45,000

No comments yet
Be the first to comment on this post.