So here we come to The Albo/ Chalmo Government's possible new removal of tax cuts to middle-income earners and more, which was implemented in 2019 by the then-Australian government. Click here for an article from Sky News and from other media sources as well
The top 20% of the household's gross income is $121,108 and over, so they would be heavily affected, including 10 Million hard-working Australian tax earners.
So why are they doing this to attack the middle to high-income earners, to reduce $11B from their budget expenditure? What election promise was this from Albo to all Australians. Last year he got wage increases for workers to meet the then inflation rate. Once you do that. there is another increase in the inflation rate. Not only that, thereby raising wages means more money is spent within the economy, and that relates to another source of increasing inflation. We currently have inflation going up to around 8%. That's why the bank is raising interest rates Click for Inflation/ details from the Australian Reserve Bank
By removing the tax offset on 10 Million taxpayers, will provide constraints to families and individuals who may be finding it hard to meet daily living expenses. We seem to be going backward. The Albo Labor party I thought was for the people but looking at what is happening now, we seem to be heading to a crumbling down community. Then you've got unionists. I thought they would be arguing for removing the Tax Offset as I'm sure it would affect quite a few of their member's income!
Albanese and Chalmers never had any intentions of looking after the, 'so called wealthy.' the Red Tide continues to roll in, wait for the budget. The only thing Albo wants the public to focus on, is the voice. The person/hero that he wishes to emulate is Gough Whitlam
ReplyDeleteThey are making room for the stage 3 tac cuts for the rich in the budget.
ReplyDelete