News Election 2016 Middle class set for tax cuts

Middle class set for tax cuts

christopher pyne on tax cuts
Christopher Pyne Photo: AAP
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Millions of middle class Australians are set to receive a tax cut the day before the federal election.

The tax cuts will be announced in the federal budget due to be handed down on Tuesday.

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The Australian reports that cuts will benefit workers earning more than $80,000 a year.

Industry Minister Christopher Pyne said he would like to see tax cuts put in place quickly if they are announced.

“Obviously we want the tax cuts to start earlier rather than later should they be confirmed in the budget, because we want middle class earners not to be moving into higher tax brackets,” Mr Pyne said on SKY TV.

Labor MP Richard Marles has taken aim at the timing of the cuts, saying there is nothing more naked than tax cuts the day before an election.

“It reminds me of student politics where you used to be able to get a free beer at the Liberal club stand before you went in to vote – that is obviously where you learnt this tactic,” he told Mr Pyne.

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