Government should abandon stage-three tax cuts to prevent widening inequality, ACOSS says WedWednesday 16 DecDecember 2020 at 7:47pm After her JobSeeker payments were cut in September Noha Ayed had to look for cheaper accomodation. ( Print text only Cancel The Australian Council of Social Service (ACOSS) says Australia faces a crucial moment of choice — between delivering "eyewatering" tax cuts to the nation's top earners and maintaining financial support for those struggling during the pandemic. Key points: ACOSS says higher welfare payments should be maintained rather than handing out tax cuts Modelling shows 58 per cent of the tax savings will go to the top 20 per cent of income earners