Albanese Addresses National Press Club on Stage 3 Tax Changes
The Prime Minister, Anthony Albanese, has defended the changes the government has made to the Stage 3 tax cuts.
In an address to the National Press Club, Albanese confirmed that the tax system will remain progressive with the reintroduction of the 37% tax scale. Whereas the Stage 3 cuts excluded people on lower incomes, all taxpayers will now receive a tax cut from July 1, but those on higher incomes have had their cut reduced.