MEDIA RELEASE
The Hon Jim Chalmers MP
Treasurer
Meryl Swanson MP
Member for Paterson
LABOR'S BETTER TAX CUTS TO BENEFIT THE PEOPLE OF PORT STEPHENS, MAITLAND, CESSNOCK AND NEWCASTLE
The Albanese Government is delivering a tax cut for every taxpayer in Paterson starting on July 1.
Labor's new tax cuts are designed to provide cost-of-living relief to middle Australia while making our tax system fairer.
Around 75,000 people - every taxpayer in Paterson will receive a tax break from July 1 under Labor's better tax cuts announced by the Prime Minister and Treasurer.
The average tax cut will be 73,000 per annum will receive a tax cut of 800 extra in their pocket each year than they would have received under Scott Morrison's proposal.
To find out how much you will benefit from Labor's tax cuts, use the calculator on the Treasury website: www.treasury.gov.au/tax-cuts/calculator
Quotes attributable to Treasurer Jim Chalmers:
We're giving a tax cut to every taxpayer in 2024.
This is about more help with the cost-of-living and more help for middle Australia.
This is the right and responsible thing to do - to deliver more relief for more workers without adding to inflationary pressures or burdening the budget.
Quotes attributable to Meryl Swanson MP Member for Paterson:
Every taxpayer across my electorate will now get a tax cut.
We're delivering more help for working families and more help for Australians already under the pump from the cost of living, putting cash back into people's pockets when they need it most.
Our tax cuts are about ensuring more workers in the Port Stephens, Maitland and Hunter regions can keep more of what they earn because we know that will take pressure off people doing it tough.
