Original article by Phillip Coorey
The Australian Financial Review – Page: 3 : 25-Mar-19
The federal government’s April 2019 Budget is expected to include an election sweetener in the form of billions of dollars worth of income tax cuts, in addition to those that were legislated in 2018. Liberal senator Arthur Sinodinos says tax cuts that target low and middle-income earners will provide some relief from the rising cost of living until wages begin growing. However, shadow treasurer Chris Bowen argues that tax cuts are not a substitute for wages growth, adding that Labor’s policy will provide greater tax relief for people on low and middle incomes.
LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY