Original article by Geoff Chambers
The Australian – Page: 5 : 3-Jul-19
The federal government has rejected Labor’s proposed amendments to its income tax package that would have brought forward the second stage of the tax cuts. Labor’s push to exclude the third-stage tax cuts from the package and to accelerate investment in infrastructure was also defeated in the lower house. Shadow treasurer Jim Chalmers says the Reserve Bank’s latest interest rate cut demonstrates the need for more economic stimulus. The Coalition requires the support of four crossbenchers to pass the full tax package in the Senate, and it is confident of doing so.
AUSTRALIAN LABOR PARTY, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, CENTRE ALLIANCE