CANBERRA, AAP Labor has left the door open to
supporting the second stage of the Turnbull governments income tax
plan, but the coalition still wont be splitting its package.
The opposition already supports the first part of the income tax
cut plan, which starts with a reduction of up to $530 a year under
a low and middle-income tax offset.
It remains coy on changes to certain tax brackets at various
stages, awaiting further details.
Labor finance spokesman Jim Chalmers says the party is still
discussing the second phase.
Were going to have a conversation about it internally. Weve said
were not wild about stage three; we said were keen on 1 July; were
still having a conversation about stage two, he told Sky News.
Shadow treasurer Chris Bowen insists Labor wants more
We support the 2018 tax cuts, we have grave reservations about
the 2024 tax cuts, we want more information about the 2022 tax
cuts, he told reporters in Canberra.
The treasurer wants the parliament to vote on these tax cuts but
he wont release the year on year costing.
But Finance Minister Mathias Cormann has reaffirmed the
government will not be splitting the package.
We are focused on securing the passage of the whole plan, he
Labor will have to decide whether they will stand in the way of
income tax relief.
The plan is due to be debated in parliament on Tuesday.
The government has the numbers in the lower house to pass the
draft laws this sitting fortnight.
But the real negotiations will come to a head when the Senate
sits in late June just days out from when the first round of cuts
are due to start.
And Pauline Hanson, whose One Nation party holds three key
Senate seats, now says shes not convinced the cuts will deliver the
governments promised jobs growth, The Australian reported on
But cabinet minister Peter Dutton denies this means One Nation
has killed off the package, saying negotiations are continuing.
She is a wiley operator, Pauline. She will put out there she is
supporting it, she is not supporting it, she is not supporting it,
he told Nine Network.
She understands the benefit of tax cuts in an economy like
Senator Hanson says the cuts havent been well received in the
community and is critical of their slow phase-in.
This government is talking about it six or eight years down the
track. Well, thats not good enough, she told The Australian.
Finance Minister Mathias Cormann defended this, saying the
government wanted to achieve both a return to surplus as soon as
possible and provide certainty to business.
Pauline Hanson and her team gave us v...