The final, mega stage of the Coalition’s tax cuts, worth more than $240 billion over a decade, is now in the gun sights of many critics, who are calling for Anthony Albanese to dump his promise to deliver it.
This week Greens leader Adam Bandt, releasing an analysis of the distributional impacts prepared by the independent Parliamentary Budget Office, said the tax cuts “cost a fortune, and the wealthiest 20% get close to 80% of the money”.
Bandt said they would “turbocharge inequality” and widen the gender pay gap. The benefit for women is half that for men, because women earn less. Over the decade men would get $160.6 billion, while women would get $82.9 billion.
