This morning Opposition Leader Peter Dutton said he will repeal Labor’s tax cuts if elected, offering a fuel excise cut instead to address cost-of-living concerns.
The tax cut legislation was passed by the Labor party overnight, even though the Coalition opposed it.
Dutton promised to accept a 25 percent cut to the fuel excise for 12 months. He said it could save a two-car family $1,500. Now the excise is 50.8 cents per litre.
“If elected, we will deliver this cost-of-living relief immediately – whereas people have to wait fifteen months for Labor’s 70 cents a day tax tweak,” he said.
Labor’s tax cuts would save $268 a year for working Australians in 2026-2027 on average. This will change to $536 in 2028.
This morning, Prime Minister Anthony Albanese said Labor will not support the fuel excise cuts. Treasurer Jim Chalmers also opposed the Coalition’s plan.
“This is a proper brain explosion from the Coalition,” Chalmers said. “This is a proper brain snap. It beggars belief that when Australians are under cost of living pressure their main policy is to increase income taxes on every Australian taxpayer.”
Photo: by M Chan is available HERE and is used under a Creative Commons licence. This image has not been modified.
