SLOMO FAIRYTALE ON INCOME TAX CUTS: NOW VERSUS THE NEVER NEVER

30 May 2018

Malcolm Turnbull and Scott Morrison are today telling 10 million Australians they cant have Labors bigger and better tax cut because they have to wait six more years for his fairy-tale tax plan to come true they are so hopelessly out of touch.

Scott Morrison is off on the never never yet again talking about 2024 when he could be delivering bigger, better and fairer tax cuts for nurses and teachers now.

The fact is if youre earning under $125,000 over the next four years, youll be better off under Bill Shortens tax cut plan.

Scott Morrisons Stage 3 tax cuts see all of the $42 billion in benefits flow to the top 20 per cent of income earners Treasurys own analysis shows that.

Labor is continuing to seek more information including year-on-year fiscal cost numbers through the Senate inquiry into the Governments income tax legislation.

Yesterday in Senate Estimates, Treasury confirmed that there were year-by-year data on the fiscal costs of the Governments income tax plan, but the Government would not release them.