Lambie locked in: Australia’s new income tax cuts could be passed today
The Morrison government looks to have secured the support it needs to get its full income tax package through the Senate as early as today.
The Centre Alliance has confirmed its two senators will back the legislation after negotiations over rising energy costs.
And Jacqui Lambie this morning confirmed she’s giving her vote to the tax cuts “in good faith” that something will be done to tackle homelessness in Tasmania.
Govt secures support for tax cuts.@JacquiLambie: I still have concerns for the Coalition’s stage three tax cuts. That’s five or six years away, we will have another election. At this moment I’m not sure our economy is heading in the right direction.
MORE: https://t.co/KGB4b9Rq0C pic.twitter.com/xgpq4qAWVd
— Sky News Australia (@SkyNewsAust) July 3, 2019
The first stage of the plan will deliver up to $1080 to low and middle-income earners when they lodge their tax returns in coming months.
The second stage will see people earning up to $45,000, not the current $41,000, moved to a 19 per cent tax rate.
The third and most-wide-ranging stage would see the tax rate slashed from 32.5 per cent to 30 per cent for those earning between $45,000 and $200,000 from mid-2024.
Despite not receiving a guarantee in writing, @JacquiLambie says she’s giving her vote to the govt’s income tax cuts “in good faith” that something will be done to tackle homelessness in Tasmania.@2GB873 @3AW693 @NewsTalk4BC @6PR
— Eliza Edwards (@ElizaEdNews) July 3, 2019
Senior government minister Greg Hunt has told Macquarie Radio it is important the tax cuts go through.
“We believe these tax cuts are vitally important to allow Australian families to have the most money in their pocket,” he said.