An Albanese Labor Government will deliver the same legislated tax relief to more than 9 million Australians as the Morrison Government.
\nThe Shadow Cabinet and Caucus have today confirmed that Labor in government will uphold the legislated changes to personal income taxes and maintain the existing regimes for negative gearing and capital gains tax.
\nLabor is providing certainty and clarity to Australian working families after a difficult two years for our country and the world.
\nOur focus is on making sure Australia emerges from this crisis stronger and more resilient \u2013 with an economy that works for working families not the other way around.
\nWhen it comes to the economy, the next election will be about the Prime Minister\u2019s dangerous and costly failures to manage the pandemic.
\nHis failures on vaccines and quarantines have caused lockdowns 18 months into this pandemic, and those lockdowns are causing billions of dollars in damage to the economy.
\nOver eight long years in government, the Coalition\u2019s record is clear in the lives of everyday Australians: stagnant wages, insecure jobs, increased costs for health care and childcare, longer waits to see a GP, and a trillion dollars in debt.
\nTheir own Budget forecasts a decline in real wages over the next four years and independent analysis by the McKell Institute shows that their policies have made the average worker $13,000 a year worse off.
\nImproving the Budget is all about growing the economy, cracking down on waste and rorts, creating more opportunities for more Australians in more parts of the country, and creating a society that is stronger after COVID-19 than it was before.
\nIt also means ensuring our broader tax system is fair and sustainable, especially when it comes to making sure that multinational corporations are paying their fair share of tax and we will have more to say about that.
\nAfter promising eight surpluses and delivering eight deficits \u2013 including the largest in Australia\u2019s history – this Government\u2019s only legacy will be generational debt without a generational dividend.<\/p>\n","protected":false},"excerpt":{"rendered":"
An Albanese Labor Government will deliver the same legislated tax relief to more than 9 million Australians as the Morrison Government. The Shadow Cabinet and Caucus have today confirmed that Labor in government will uphold the legislated changes to personal income taxes and maintain the existing regimes for negative gearing and capital gains tax. Labor … Continue reading “Labor to Deliver Income Tax Cuts and Certainty on Negative Gearing”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-12265","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/12265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=12265"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/12265\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=12265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=12265"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=12265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}