Senate debates

Tuesday, 27 February 2024

Questions without Notice

Taxation

2:44 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I thank Senator Bilyk for the question and for her advocacy for the people of the great state of Tasmania, where she comes from. From 1 July this year, the Albanese Labor government will deliver a tax cut for every Australian taxpayer—13.9 million people. Our tax cuts will deliver a bigger tax cut for Middle Australia to help ease the cost of living. The Albanese government is responding to the pressures that Australians are under here and now. Under our plan, more Australians will get a tax cut and more Australians will get a bigger tax cut.

In relation to Senator Bilyk's state of Tasmania, every taxpayer in Tasmania will receive a tax cut—all 280,000 Tasmanian taxpayers—and 260,000 of those taxpayers will receive a bigger tax cut under the government's tax cut policy. And 140,000 Tasmanian women will get a tax cut, and 130,000 of these women will get a bigger tax cut than they would have under the former government's proposal.

Nurses, teachers and truckies are some of the most likely to benefit, with more than 95 per cent of those taxpayers getting a bigger tax cut. A person on an average income of around $73,000 will get a tax cut of $1,504—$804 more than they were going to get under the Liberal and National plan. A person earning $40,000 will get a tax cut of $654, compared with nothing under the Liberal and National plan. And a person earning $100,000 will get a tax cut of $2,179—$804 more than they would have received under those opposite. For a family on an average household income, they will receive $2,600, which is about $50 per week and $1,600 more than they would have received under the old plan. (Time expired)

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