Battle of fiscal policy increases


Scott Morrison's government is doing its best to reduce promises from the Labor Party's tax cuts if it wins the next federal election on speculation the coalition could anticipate its own cuts.

The federal government has released The australian Figures show that 1.9 million middle-income people would pay more taxes according to labor policy.

Analysis of the Australian Tax Office's data for 2016/17 says that the gradual increase in interest rates – when inflation pushes wages and salaries to higher levels of taxes – would be responsible for those who pay more.

"For individuals and families, that would mean less money in their pockets every week to pay bills and cover expenses," said Treasurer Josh Frydenberg. The australian on Wednesday.

The comments come amid speculation the government is planning to anticipate tax cuts already enacted in next Tuesday's budget.

• What we know so far about the federal budget

The government received its personal tax reduction package through parliament last June, with the first step kicking off the current tax year and additional reductions due in 2022 and 2024.

The cuts will lead to a single person of $ 30,000 holding an additional $ 200 a year while someone with a median salary of $ 85,000 would receive $ 540 and a salary of $ 200,000 a year would receive $ 7225.

Labor has opposed the higher tax cuts and says it will cut $ 350 for people earning $ 25,000 and up to $ 928 for people with $ 90,000 a year. The opposition also says that 10 million Australians earning up to $ 125,000 will pay less taxes under the plan.

Shadow treasurer Chris Bowen says the data released by Mr. Frydenberg are based on a hypothetical scenario in 2022 and 2024.

If the Labor Party wins the next election, one may seek to introduce measures to deal with the escalation of support or provide more tax benefits when it is fair and sustainable to do so, he says.

"Federal Labor is offering a better tax cut now, not in two elections," Bowen said in a statement on Wednesday.


Meanwhile, the federal government says it will allocate $ 730 million to upgrade the roads in northern Queensland in next week's budget.

The project will cover 700 km and will seal or improve the current roads, concentrating on strategic corridors. Expenditures include $ 200 million for Townsville for Tennant Creek, $ 190 million for Yeppoon for Mount Isa, $ 190 million for Cooktown for Weipa, $ 100 million for Townsville for Rome, and $ 50 million for Cairns to the border of the Northern Territory.

"These improvements on the road will help North Queensland recover from some of the worst floods in its history by better connecting the western regions of Queensland to the coast," the government said in a statement on Wednesday.


Going south, Morrison promises to spend more than $ 250 million on crowded roads and car parks in Sydney and the central coast of NSW.

In the latest in a series of national announcements on road and rail financing, the prime minister said that Sydney's drivers know better than anyone else about the impacts of traffic congestion.

"We're doing something about bottlenecks and bottlenecks that are at the heart of the problem," Morrison said on Wednesday.

The package includes funding for The Horsley Drive in southwest Sydney, King Georges Road in the south of the city, and Homebush Bay Drive in the west. The government also plans to invest $ 50 million in mobile travel.

City Minister Alan Tudge said the funding was designed to eliminate the jamming where it was hurting.

"It's not just the major highways but the local points of contact that cause daily headaches for passengers," he said.


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