Prime Minister Stands by Tax Cut Changes for ‘Every Australian’

Prime Minister Stands by Tax Cut Changes for ‘Every Australian’
Australian Prime Minister Anthony Albanese speaks to media during a press conference in the suburb of Northmead in Sydney, on Jan. 16, 2024. AAP Image/Flavio Brancaleone
|Updated:
0:00

Prime Minister Anthony Albanese has ruled out an increase to welfare payments in exchange for crossbench support to ensure the passage of the government’s proposed changes to stage three tax cuts.

Under a reworked scheme unveiled by the prime minister on Thursday, anyone earning less than $150,000 (US$98,000) will receive a larger tax cut, while those earning more are in line for a smaller benefit than previously promised.