The stage-three tax cuts could be renovated to save the budget up to $130bn while still delivering bigger tax cuts to 80% of income earners, according to the Australia Institute.
The progressive thinktank has released a report modelling four alternatives to the controversial tax cuts, finding they could save between $70bn and $130bn. Those savings are enough to lift the jobseeker payment to the rate of the age pension while still making a net improvement to the budget bottom line.
