Politics and Government
Source: (remove) : 9NEWS
RSS • JSON • XML • CSV
Politics and Government
Source: (remove) : 9NEWS
RSS • JSON • XML • CSV

Every single Aussie taxpayer to get tax cuts under $17b budget plan


Published on 2025-03-25 05:01:20 - 9NEWS
  Print publication without navigation

  • Cost-of-living pain is front and centre in the 2025 budget and Australians earning any taxable income will soon recieve some "modest" relief.

The Australian government has announced a $17 billion budget plan that includes tax cuts for every single Australian taxpayer. This initiative, part of a broader strategy to address cost-of-living pressures, will see adjustments to the tax brackets, effectively reducing the tax burden for all income levels. The plan aims to provide relief by increasing the take-home pay of workers, with the changes set to take effect from July 1, 2023. This move is expected to stimulate economic activity by putting more money back into the pockets of consumers. The tax cuts are part of a larger economic strategy that also includes measures to manage inflation and support economic recovery post-COVID-19.

Read the Full 9News Article at:
[ https://www.msn.com/en-au/politics/government/every-single-aussie-taxpayer-to-get-tax-cuts-under-17b-budget-plan/ar-AA1BBjeY ]