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Wed Sep 21

That $243 billion 'saving' from axing the Stage 3 tax cut is more mirage than reality

Written by Ben Phillips, Associate Professor, Centre for Social Research and Methods, Director, Centre for Economic Policy Research (CEPR), Australian National University

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What if we could save A$243 billion by abolishing the Stage 3 tax cuts?

An article in Guardian Australia says we could spend it on all kinds of things, from pay rises for aged care workers to electrifying homes.

But the money probably wouldn’t be there – not most of it.

The Parliamentary Budget Office came up with the figure...

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