The ABC understands it is unlikely there will be any change to the stage 3 income tax cuts in the October 25 budget, which were legislated under the former Coalition government and are due to come in to effect in 2024.
They will see the same 30 per cent tax rate for all Australians earning between $45,000 and $200,000 and are expected to cost the budget more than $240 billion by early next decade.
Prime Minister Anthony Albanese went to the federal election promising to honour the tax cuts, and it is understood while he is reluctant to break that promise, he has not ruled out any changes down the track.
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