Coalition budget woos low and middle-income earners with $19.5bn tax cuts

Labor likely to support doubling low and middle-income tax offset, which Shorten proposed in 2018 budget reply

Federal budget 2019 - follow the speech and reaction, live

Middle-income earners will receive immediate tax relief regardless of who wins the election after the Coalition committed to give an extra $550 per year back to people earning between $50,000 and $90,000.

The commitment in Tuesday’s budget more than doubles the low and middle-income tax offset, effectively matching Labor’s commitment in 2018 by providing relief to 10 million Australians, with 4.5 million receiving the full $550.

Continue reading...

from The Guardian https://ift.tt/2FM3lgV
via
0 Comments