‘Super Saturday’ by-elections test for tax cuts: Turnbull

Prime Minister Malcolm Turnbull says voters will pass judgment on his income tax cuts at next month's Super Saturday by-elections.

Malcolm Turnbull faces Bill Shorten in parliament

Prime Minister Malcolm Turnbull and Labor Leader Bill Shorten are preparing MPs for byelections. (AAP) Source: AAP

Malcolm Turnbull nailed one effort to cut the cost of living, getting his income tax cuts through the Senate.

The next step to cut living costs is tackling power prices, but that faces tougher opposition from inside his own party.

The coalition has rejected criticism its tax plan is unfair because people on big wages will get the most benefit once a final round of cuts takes effect in 2024.

Income tax cuts for people earning up to $90,000 will be in place from July 1, showing up in tax returns in 2019.

Turnbull got his plan through without needing Labor's support, even though he could have split the bill if he really needed to.

The prime minister will take the tax cuts to the Super Saturday by-elections on July 28, arguing Labor wants to roll them back.

"Of course, these competing tax policies will certainly be key issues in those by-elections," Turnbull told ABC radio on Friday.

Labor is asking voters to remember they're offering bigger tax cuts - almost double - and not cutting taxes for big banks.

Mr Turnbull says voters have a choice between the government's tax cuts and Labor's policy to deny cuts to high-income earners at five by-elections on July 28th.

"Whether it's at the byelections or at the general election next year, Labor will be going to that election asking Australians to vote Labor and pay higher personal tax, higher business tax, higher investment tax  - well over $200 billion of higher taxes and what that will mean is Labor will be standing for a weaker economy, fewer jobs and lower wages."


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By Euna Cho

Source: AAP




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