Poor bear brunt of Scott Morrison’s tax cuts plan – Grattan Institute
Middle and lower income earners would pay more so that the top fifth can enjoy larger tax cuts under Treasurer Scott Morrison’s budget plan, but the plan comes with political risks as voters wise up to "bracket creep", says Grattan Institute Budget Policy Program Director Danielle Wood.
Mr Morrison oversold the plan as “protection” against “bracket creep”, but it returns only $20 billion of the $52 billion personal income tax slug from bracket creep over the next decade, creating risks for the government, Ms Wood writes in The Australian Financial Review.
Read the full article at the Australian Financial Review.
