Eight independent parliamentarians have written to the Treasurer calling on the Government to protect Australians from “bracket creep” by indexing income tax brackets.
They included Allegra Spender, Helen Haines, Kate Chaney, Kylea Tink, Monique Ryan, Sophie Scamps, Zali Steggall and Zoe Daniel.
“Ending bracket creep is the first step in reducing the tax burden on young, working people and introducing better budget accountability and spending disciplines. The spending splurge of this election is going to be paid for at least part through stealth income tax increases caused by bracket creep. This used to be Liberal party policy – it should be embraced by both major parties.”
“This is the sort of long-term economic reform that Australians are looking for. We need to reward effort and ingenuity, support the aspirations of young people, and impose greater accountability on politicians,” said Allegra Spender.
Find their media release here.
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