Stage-three tax cuts cost blowout predicted with the wealthy and men to benefit most

1 year ago 26

Adam Bandt decries ‘massive black hole’ after Parliamentary Budget Office analysis puts cost at $313bn over a decade

The cost of stage-three income tax cuts has climbed to $313bn over a decade, with the benefits flowing disproportionately to high-income earners and men, according to new data.

New Parliamentary Budget Office costings, conducted for the Greens, has predicted a blowout in the cost of implementation. It has been released as the Albanese government insists it has no plans to revisit the controversial tax cuts.

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