Resources Secretary Madeleine King says Labor has ‘no plans’ to scrap Stage 3 tax cuts

A senior labor minister says there are no plans to change statutory tax cuts as the government speculates about changes.

Resources Secretary Madeleine King said it was fine for the community to talk about tax policy, but government policy was lagging behind the cuts.

“We have no plans to change these stage three tax cuts,” she told Sky News on Sunday.

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“Obviously there’s a conversation going on in the community … but right now this government isn’t planning any changes.”

Shadow Treasurer Angus Taylor welcomed the Minister’s words but urged the Prime Minister to categorically rule out any change.

“It’s encouraging to hear this, but it doesn’t count until Anthony Albanese has stood up and shut her out,” he told the same network.

Taylor said any changes to statutory cuts set to take effect from mid-2024 would represent “a war on aspirations.”

“This is about Central Australia making sure they can earn or keep more of what they earn,” he said

“We are seeing extraordinary inflationary pressures right now. And we know that with inflation, the average Australian pays a higher rate of tax.

Resources Secretary Madeleine King says there are no plans to change Stage Three tax cuts. (Jono Searle/AAP PHOTOS) Recognition: AAP

“These tax reforms have been designed very carefully to ensure that there is an incentive for Australians to go out and have a crack.”

Opposition leader Peter Dutton said the prime minister must live up to his commitment to leave the tax cuts untouched.

“The prime minister has promised on several occasions that he would not step down from this and it seems he is still considering it until the next election,” he told ABC’s Insiders programme.

“That would be an unforgivable and ridiculous mistake.”

He said the coalition will honor its commitment to the cuts.

“That’s our policy,” he said when asked if the coalition would try to reverse changes if it came to power.

“We went into the last election with a promise (in support of the tax cuts) and I’m not in the business of breaking promises.

“We will take a policy to the next election and if we succeed in government, we will honor it.”

His comments come after Liberal Deputy Leader Sussan Ley pledged to fight any attack on the tax cuts in Parliament.

Prime Minister Anthony Albanese on Friday claimed the government has not changed “its position” on tax cuts.

But Taylor said the prime minister had let the debate run for weeks without specifically ruling out changes.

“We need to see Anthony Albanese rule out dropping the tax cuts,” he said.

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https://7news.com.au/politics/resources-minister-madeleine-king-says-labor-has-no-plans-to-scrap-stage-three-tax-cuts-c-8490450 Resources Secretary Madeleine King says Labor has ‘no plans’ to scrap Stage 3 tax cuts

James Brien

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