Labor wants tax cut fast-tracking for middle-income earners in return for its support
Federal Labor has refused to support the Coalition's full tax cut package, insisting it wants changes to the Government's plan in return for its support.
The Coalition has been pressuring Labor to back its $158 billion, three-stage income tax cuts since it won the election last month.
Leader Anthony Albanese said his Shadow Cabinet today agreed to support the first two stages of the tax plan, which is due for debate when the Parliament resumes next month.
Mr Albanese said he wanted the Coalition to increase the threshold for the second stage of the tax cut, from incomes of $90,000 to $120,000 and deliver the change earlier than planned.
He said that change would help stimulate the economy.
But the Opposition Leader said Labor was unwilling to support the third stage of the plan, which would not come into force until 2024-25.
He said the Parliament should immediately pass the first two stages, and debate the third part at a later date.
The Government needs Labor or the crossbench's support to pass the tax cut legislation in the Senate.
Federal Labor has refused to support the Coalition's full tax cut package, insisting it wants changes to the Government's plan in return for its support.
The Coalition has been pressuring Labor to back its $158 billion, three-stage income tax cuts since it won the election last month.
Leader Anthony Albanese said his Shadow Cabinet today agreed to support the first two stages of the tax plan, which is due for debate when the Parliament resumes next month.
Mr Albanese said he wanted the Coalition to increase the threshold for the second stage of the tax cut, from incomes of $90,000 to $120,000 and deliver the change earlier than planned.
He said that change would help stimulate the economy.
But the Opposition Leader said Labor was unwilling to support the third stage of the plan, which would not come into force until 2024-25.
He said the Parliament should immediately pass the first two stages, and debate the third part at a later date.
The Government needs Labor or the crossbench's support to pass the tax cut legislation in the Senate.
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