RELEASE: Taxpayers Thank The Greens
The Australian Taxpayers’ Alliance (ATA), a 75,000+ member grassroots advocacy group representing the nation’s taxpayers, today welcomed Parliamentary Budget Office (PBO) findings that two-thirds of the third tranche of the government's income tax cuts package will go to workers earning under $180,000.
"We thank the Greens for commissioning estimates which rubbish their claim that the third tranche of the government's tax cuts will primarily benefit the 'top-end of town'." said Satya Marar, ATA Director of Policy.
"We've already written to Labor's shadow cabinet to encourage them to pass the full tax cut package. Research shows that stage 3 alone will deliver a $10 billion annual GDP boost and a $3 billion annual consumer surplus boost.
"By creating incentives to work more, seek promotions, save, invest, take entrepreneurial risks, and declare more taxable income, it will boost Australia's productivity and international competitiveness, and provide a win for young, aspirational Australians seeking social mobility.
"It will also facilitate gender parity and women's workforce participation, as even research cited on Shadow Assistant Treasurer Andrew Leigh's own website finds that women are more sensitive to tax incentives to re-enter the workforce or take on more work than men, and will provide welcome relief from inequitable income tax 'bracket creep' which takes more out of our pockets each year without increase in our real wages.
"The findings commissioned by the Greens show that even the loudest arguments against this important microeconomic reform are built on sand. There is no reason for Labor or undecided cross-bench senators like Pauline Hanson and Jackie Lambie not to support them. Hardworking taxpayers across Australia deserve it."