Albanese government’s ‘bluff’ on tax bracket called out

Australian Taxpayers’ Alliance President Brian Marlow has called the Albanese government’s “bluff” on abolishing the 37 per cent tax bracket. This comes after the Albanese government announced changes to the stage three tax cuts, which would benefit low to middle-income earners. The amendments would mean that the 37 per cent tax bracket will remain rather than be abolished. “The Labor government decided to lie to voters at the last election and completely abandon these tax cuts,” Mr Marlow told Sky News Australia. “Their argument is ‘oh, we’ll give tax cuts to some Australians, and when it comes to the 37 per cent tax bracket, we’re not going to touch that because the economy’s bad right now, we can’t afford it’. “Well, we’re calling their bluff – we’re saying, ok, by your own estimates, you’re saying the economy’s going to bounce back in the next 12 months. We’re giving you until 2026 (to) commit to getting rid of that 37 per cent rate.”