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?

  • Michael Brace
    signed 2019-07-01 19:55:43 +1000
  • Phil Webster
    signed 2019-07-01 19:35:57 +1000
  • Oliver Renz
    signed 2019-07-01 19:27:40 +1000
  • Ian van Dijk
    signed 2019-07-01 19:04:47 +1000
  • Matthew Nicholas
    signed 2019-07-01 18:27:54 +1000
  • Monique Bond
    signed 2019-07-01 17:46:47 +1000
  • Stuart Kitto
    signed 2019-07-01 17:33:50 +1000
  • Gary Worthington
    signed 2019-07-01 17:32:25 +1000
  • Rachael Denniss
    signed 2019-07-01 16:47:17 +1000
  • Lee McManus
    signed 2019-07-01 16:46:17 +1000
  • Tristan Webb
    signed 2019-07-01 16:42:33 +1000
  • Ashley Dickson
    signed 2019-07-01 16:28:34 +1000
  • Anita Morris
    signed 2019-07-01 16:09:01 +1000
  • Ben Taylor
    signed 2019-07-01 15:56:59 +1000
  • Andrew Bednarz
    signed 2019-07-01 15:12:16 +1000
  • Benjamin Fitzpatrick
    signed 2019-07-01 14:59:29 +1000
  • Phil Vlachou
    signed 2019-07-01 14:57:07 +1000
  • Miroslav Kapuscinski
    signed 2019-07-01 14:47:15 +1000
  • Miriam O'Brien
    signed 2019-07-01 14:40:04 +1000
  • Tim McGrath
    signed 2019-07-01 13:52:43 +1000
  • Colin Hughes
    signed 2019-07-01 12:31:48 +1000
  • Damien Shortal
    signed 2019-07-01 12:28:13 +1000
  • Robert Whiting
    signed 2019-07-01 12:11:39 +1000
  • Donna Duncan
    signed 2019-07-01 11:59:28 +1000
  • Bruce Healy
    signed 2019-07-01 11:50:59 +1000
  • Jaye Hanson
    signed 2019-07-01 11:22:14 +1000
  • Jonty Martin
    signed 2019-07-01 11:05:25 +1000