‘Class warfare’: Laura Jayes hits out at PM over tax cut changes

Sky News host Laura Jayes has hit out at the Prime Minister as he looks set to break an election promise and make changes to the stage three tax cuts. As currently legislated, from July 1, the 37 per cent tax bracket for incomes between $120,001 and $180,000 would be removed and instead they would pay 30 cents in the dollar, meaning those earning between $45,0001 and $200,000 on the same rate. But under Labor's expected change, the 37 per cent bracket is set to stay for those making between $135,000 and $190,000, with the highest 45 per cent rate applied after the latter. The Prime Minister vowed multiple times in the leadup to the last election that he would keep the former Coalition government's stage three tax cuts. He is expected to provide further details about the changes at the National Press Club on Thursday. “In one fell swoop he has potentially destroyed his biggest asset – integrity,” Ms Jayes said. “For almost two years he promised, assured, guaranteed and confirmed time and time again that he wouldn’t touch stage three tax cuts, but now he will. “This is class warfare, this is the politics of envy on face value from the details we know so far and it’s the kind of gross politics he actually promised to stamp out.”