Published: April 08, 2019
Parliamentary Budget Office costings give Labor ammunition to argue it can provide bigger surpluses
Flattening tax brackets so middle- and high-income earners all pay a marginal rate of 30% will cost the budget $147bn, according to new analysis.
The costings, prepared by the Parliamentary Budget Office and released by Labor, show that stage three of the Coalition’s proposed income tax cut package will cost $18.7bn when introduced in 2024-25, rising to an annual cost of $29.8bn in 2029-30.
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