LABOR’S BETTER TAX CUTS TO BENEFIT THE BALLARAT ELECTORATE
The Albanese Government is delivering a tax cut for every taxpayer in the Ballarat electorate starting on July 1.
Labor’s new tax cuts are designed to provide cost-of-living relief to middle Australia while making our tax system fairer.
Around 65,000 people – every taxpayer in the Ballarat electorate will receive a tax break from July 1 under Labor’s better tax cuts announced today by the Prime Minister and Treasurer.
The average tax cut will be $1435.
Around 57,000 people, or 87 per cent of taxpayers, will receive a bigger tax cut than they would have under the plan Scott Morrison legislated five years ago.
The average Australian wage earner on $73,000 per annum will receive a tax cut of $1504 which is more than $800 extra in their pocket each year than they would have received under Scott Morrison’s proposal.
To find out how much you will benefit from Labor’s tax cuts, use the calculator on the Treasury website: www.treasury.gov.au/tax-cuts/calculator
Quotes attributable to Treasurer Jim Chalmers: “We’re giving a tax cut to every taxpayer in 2024.
“This is about more help with the cost-of-living and more help for middle Australia.
“This is the right and responsible thing to do - to deliver more relief for more workers without adding to inflationary pressures or burdening the budget.”
Quotes attributable to Member for Ballarat Catherine King:
“Every single taxpayer in the Ballarat electorate will now get a tax cut.
“Our community deserves a Government that is on their side. We’re delivering more help for working families and more help for Australians already under the pump from the cost of living.
“Labor’s plan would also increase workplace participation by putting more money in women’s pockets and making it easier for them to pick up extra hours of work if they want to.
“Under Labor’s plan 97% of childcare workers, disability carers and aged care workers will be better off, 96% of nurses will be better off and 98% of teachers will be better off when compared to Scott Morrison’s plan.”
