$12 Billion in Tax Cuts to Drive Australian Economy

$12 Billion in Tax Cuts to Drive Australian Economy
Treasurer Josh Frydenberg during a television live cross at Parliament House on March 16, 2021, in Canberra, Australia. Sam Mooy/Getty Images
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Working Australians are expected to see $12 billion worth of tax cuts go into their pockets in the next six months as the federal government moves on from JobKeeper to other economic support policies.

Treasurer Josh Frydenberg said the data shows around 8.8 million Australians had already benefitted from $9 billion in tax cuts from July last year, when the cuts were brought forward as part of the COVID-19 economic recovery plan.