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The Guardian - AU
The Guardian - AU
National
Paul Karp Chief political correspondent

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

Tax Cuts Adam Bandt Jim Chalmers Coalition Greens Jane Hume Labor PBO
The 2023 Federal Budget papers being printed and collated in Canberra
The stage-three tax cuts were not addressed in the federal budget and the Albanese government insists it has no plans to revisit them. Photograph: Mike Bowers/The Guardian

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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