Treasurer Scott Morrison wants 37% tax bracket abolished sooner, as income package passes parliament
The Treasurer says he’d like to see the final stage of the government’s income tax package brought forward, as the policy passed the Senate today.
One Nation and the Centre Alliance gave the government the extra votes needed for its income tax cuts to go ahead in what the Treasurer says is a “big win” for hardworking Australians.
The third stage of the government’s income tax cuts would see the 37% tax bracket abolished by 2024-2025.
The Federal Treasurer tells Ben Fordham he’ll “seek” to do it sooner.
“If we can we will. We are about having lower taxes but we’ll always do it responsibly.
“If we’re able to bring it forward then, of course, I’ll seek to do that.”
Low and middle-income earners will receive a tax cut from next year, as nine crossbenchers supported the Coalition’s $144-billion package.
“This is meaningful. It prioritises, as it should, low and middle-income earners first to provide some real relief.”
Click PLAY below for the full interview
The Federal Treasurer has also congratulated New Zealand Prime Minister Jacinda Ardern on the arrival of her first child.
“That’s tremendous news. And all the best to Jacinda and her family.”