Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

():  I thank the member for Indi for her question. We had a meeting earlier today and talked about the tax cuts that were introduced by the Treasurer at 12 o'clock. Indeed, the people of regional Australia in particular will benefit from Labor's tax cuts that will help to deal with the cost of living. In Indi, some 87 per cent of taxpayers will get even more. But 100 per cent of taxpayers will get a tax cut.

One of the things about the Treasury analysis that we released spoke about was bracket creep, particularly for those people on low incomes. According to the Treasury, in the documentation that we released, they said:

By reducing the first tax rate from 19 to 16 per cent, the redesign produces a smaller increase in average tax rates … for the first seven income deciles over the next 10 years. In other words, it reduces bracket creep more for these groups compared with … Stage 3 and a no change scenario.

See this speech in context