Prime Minister Anthony Albanese has confirmed the ‘Stage 3’ tax cuts will still be introduced from July.
This means everyone earning above $45,000 will receive a tax cut – meaning more money in their bank account – in the second half of this year. But it will benefit higher-income earners the most.
These cuts have been controversial, because many economists are worried it will contribute to inflation. But the Prime Minister has said it won’t. We’ll tell you what you need to know in today’s deep dive.
Hosts: Sam Koslowski and Zara Seidler
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