Get all your news in one place.
100’s of premium titles.
One app.
Start reading
AAP
AAP
Politics
John Kidman

Tax cuts aimed squarely at regions, PM declares

Anthony Albanese has assured country Labor voters they will be better off under Labor's changes. (Dean Lewins/AAP PHOTOS)

Regional Australians will overwhelmingly benefit from stage three tax cuts with more than eight in 10 bush residents better off under the federal government's revamped plan, Labor modelling shows.

Cuts will flow to 13.6 million taxpayers including 86 per cent of the workforce beyond the nation's major centres, Anthony Albanese told Country Labor conference delegates at Nowra on the NSW south coast on Sunday.

Some 960,000 taxpayers across regional and rural areas of the state would come out financially in front of where they would have been, had Labor not tweaked the stage three package, the prime minister said.

"Our tax cuts are aimed squarely at regional Australia."

Mr Albanese repeated his claim that the opposition's gut reaction had been to reject the changed stage three cuts and promise to roll them back.

"Then, because they actually heard the Australian people's strong support ... they changed their mind, gritted their teeth and said they'd support them after all," he said.

"Even then, they're still dreaming of rollbacks."

It was a message he was also keen to spruik during a visit to address business and community leaders in the NSW Hunter Valley on Saturday.

Low and middle income earners breathed a sigh of relief on Thursday after the changes cleared a major hurdle, passing the lower house of federal parliament with support from the coalition and cross bench.

Under the amended proposal, Australians earning under $150,000 will receive a greater tax cut than under the original plan.

Those earning above $150,000 will still receive a tax cut but less than previously forecast.

The legislation will move to the Senate for debate and if endorsed take effect from July 1.

The opposition did put forward an amendment to the bill, suggesting changing the legislation's name to include the phrases "broken promise" and "entrenching bracket creep".

Mr Albanese promised during the 2022 election campaign Labor would not alter the stage three cuts but said economic circumstances had changed since the original measures were brought in during 2019.

"We want Australians to earn more and keep more of what they earn," the prime minister is due to tell conference delegates on Sunday.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.