US EditionCompare the pair: Which major party's tax policy leaves you better off?
- A new policy battle over tax plans has emerged as Australians approach an election, with both Labor and the Coalition proposing measures to address the cost-of-living crisis.
- Labor aims to provide every taxpayer a modest tax cut, offering $268 for those earning $45,000 or more, as revealed in this week's federal budget.
- The Coalition's policy to reduce fuel excise to 25 cents per litre could save typical drivers over $700 annually, benefiting those who fill up more frequently.
- Both parties' approaches could impact the economy differently; Labor's plan could cost the government $17 billion, while the Coalition's plan may lead to $6 billion in lost revenue over one year.
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Right
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SooToday.com+9 Reposted by 9 other sources
Breaking down the election promises: Battle of the tax cuts
Experts say that income tax cuts may be good politics, but they aren’t great policy right now
·Sault Ste. Marie, Canada
Read Full ArticleCompare the pair: Which major party's tax policy leaves you better off?
A policy fight over cost-of-living relief has emerged with a federal election looming. Labor and the Coalition have both promised to ease hip pocket pain, but voters will be asked to choose between income tax cuts or cheaper petrol.
·Australia
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Coverage Details
Total News Sources15
Leaning Left2Leaning Right1Center0Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
R 33%
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