The Albanese government will listen “respectfully” to demands by the Greens to further pull apart the stage three tax cuts, and then most likely ignore them, sources say. That is because if the Greens do not get what they want and oppose Labor’s package, the already-legislated original stage three tax cuts that favour higher-income earners much more will begin automatically on July 1.
for its broken tax cut promise to parliament next week , and seek its passage through both houses before the end of February and the March 2 Dunkley byelection, the Greens are insisting high-income earners receive nothing. Greens leader Adam Bandt, who has demanded for years the stage three tax cuts be abolished altogether, and the money used to fund health and social services for low- and middle-income earners, says Labor’s tax package, which slashes back the tax cuts for people earning over $146,000, is still too generous. Mr Bandt said too much of the $318 billion that the tax cuts would cost over a decade was still skewed towards higher-income earner