Became law

Tax Cuts for Working Australians Bill

What does this bill do, in plain English?

Reduces the 32.5% tax bracket to 30% and increases the tax-free threshold from $18,200 to $21,000.

AI-assisted summary of public arguments — labelled per our editorial rules.

Supporters say

Puts money back in workers' pockets. Benefits middle-income earners most. Simplifies the tax system.

Critics say

Costs $28 billion over forward estimates. Benefits higher earners more in absolute terms. Reduces revenue for services.

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