Treasurer Jim Chalmers did the media rounds this morning to promote the government’s stage 3 tax cuts, with the relief coming into force for more Australians from today. Chalmers also discussed the surplus forecast on Nine’s , confirming it is “coming in a bit bigger” than expected. “This could be the biggest back-to-back surpluses on record.
We expect a surplus in the middle teens of billions. It’s not actually because of more tax, it’s about less spending.” “It’s really important in the fight against inflation, that we are managing the economy in the most responsible way, delivering those surpluses and providing cost-of-living help,” Chalmers said.
Chalmers then promoted the stage 3 tax cuts, which will be evident in the pay cheques of more Australians from today. “Something like 750,000 people will get a tax cut today, about 9 million have already got theirs already, two million more in the next fortnight or so. And that’s just one of the ways that we’re helping people with these cost of living pressures.
” Coalition leaders have continued their calls for Labor to cease accepting donations from the CFMEU after an investigation by this masthead, the and by parts of the union. The CFMEU donated nearly $2 million to the Labor Party before the 2022 election. Shadow treasurer Angus Taylor told Nine’s that “Labor’s got to get serious about this”.
Treasurer Jim Chalmers appeared on later in the morning and was asked about suggestions Labor sho.
