Block the expensive and fiscally irresponsible high income tax cuts in the Senate

Part of the Government's unlegislated proposed income tax cuts --Stage 3(a)-- will benefit mostly wealthy people, will cost Australia $95 billion over 5 years, and will erode Australia's progressive tax system. 

These tax cuts do not come into effect until 2024, yet the Government is proposing to rush them through the Parliament in July this year. 

Locking in such expensive long-term tax cuts now is fiscally irresponsible. There is no way of knowing what the economy will look like in 2024 and the economic conditions my be substantially different.

The proposed tax cuts heading for the Senate will happen in three stages. It is the Stage 3(a) tax cuts that are the most unfair and expensive elements of the income tax plan, specifically:

  • This stage decreases the 32.5 per cent personal income tax rate to 30 per cent
  • More than half of the benefit goes to the top 20 per cent of taxpayers
  • These tax cuts will not come into effect until 2024-25 and will cost the budget $95 billion over five years.

These tax cuts will only further entrench inequality in Australia. Furthermore, in a time of sluggish economic growth, low- and middle-income taxpayers are more likely than high-income taxpayers to spend their tax cuts and stimulate the economy, while this tax cut targets high-income taxpayers. 

Add your name to the call on the Senate to block these tax cuts for those on high incomes

We the undersigned urge you to oppose stage 3(a) of the proposed income tax cuts, announced in the 2019 Budget.

Sign on to the petition here --

4,606 signatures

Will you sign?

  • Victoria Whitney
    signed 2019-07-04 11:13:59 +1000
  • Scott Murchison
    signed 2019-07-04 11:06:45 +1000
  • Almerinda Clarke
    signed 2019-07-04 06:16:49 +1000
  • Jean Leeson
    signed 2019-07-03 23:55:38 +1000
  • Gary Fogarty
    signed 2019-07-03 22:47:12 +1000
  • Richard Etherington
    signed 2019-07-03 22:17:02 +1000
  • Maree Le Fevre
    signed 2019-07-03 21:48:17 +1000
  • Paul Hanley
    signed 2019-07-03 21:44:49 +1000
  • Jules Spencer
    signed 2019-07-03 20:28:18 +1000
  • Jesse Herwig
    signed 2019-07-03 20:12:47 +1000
  • Rosemary Keogh
    signed 2019-07-03 19:29:26 +1000
  • Jane Ezard
    signed 2019-07-03 18:47:47 +1000
  • Neil Gallie
    signed 2019-07-03 18:21:11 +1000
  • Stewart MacDonald
    signed 2019-07-03 18:08:06 +1000
  • Matt Ruffin
    signed 2019-07-03 17:57:57 +1000
  • Andrew Moran
    signed 2019-07-03 17:56:19 +1000
  • Daniel Halford
    signed 2019-07-03 17:53:08 +1000
  • Vicki Wilson
    signed 2019-07-03 17:37:22 +1000
  • Peter Burgoyne
    signed 2019-07-03 17:16:35 +1000
  • Leonie Barnett
    signed 2019-07-03 16:30:53 +1000
  • Lesley Watt
    signed 2019-07-03 15:32:06 +1000
  • Merrie Carling
    signed 2019-07-03 15:05:59 +1000
  • Claudia De Maria
    signed 2019-07-03 14:25:10 +1000
  • Chris Lawson
    signed 2019-07-03 14:10:03 +1000
  • Thessalie Reeders
    signed 2019-07-03 13:57:38 +1000
  • Chaitanya Agrawal
    signed 2019-07-03 13:25:22 +1000
  • Paul Ryan
    signed 2019-07-03 13:22:22 +1000