Page 25 - Stage Three News Today

Treasurer Jim Chalmers has shared a special family moment with his wife Laura, daughter Annabel and son Leo after delivering Labors first budget in almost a decade.

More than 10 million Australians face a tax hike of up to $1,500 after Tuesday nights Federal Budget as taxpayers get little in the way of direct help in battling the rising cost of living.

The outspoken political commentator unleashed a scathing attack after federal treasurer Jim Chalmers unveiled the 2022-23 Budget, which he described as la la land and away with the fairies.

Widespread income tax cuts are still expected from 2024 but 10million Aussies will take a hit after this years $1500 tax offset was officially axed in Tuesdays Budget.

Working parents, soon-to-be mums and dads and home buyers are the big winners of Labors first Budget in almost a decade.

COMPANY NEWS: As the debate heats up around the Federal Budget 2022, tax experts reveal that a data-driven mindset is critical to improving Australia’...

Prime Minister Anthony Albanese and his ministers believe they are ready to launch into the task of budget repair after inheriting a structural deficit and record levels of debt.

Labor has promised responsible measures to help Australians cope with the worst inflation in 32 years. The Budget will see new spending on childcare and subsidised medicine but no cash handouts.

Liberal leader Peter Dutton has said Treasurer Jim Chalmers needs to “think very carefully” about the government’s measures in the upcoming budget as the cost of the stage three tax cuts is expected to blow out.

The local churn rate in Australia’s key economic policy portfolio is about one thirtieth compared with the recent turnover in the same ministerial position in the UK.