Angus Taylor proposes tax bracket indexation to combat bracket creep
Angus Taylor announces plans to index tax brackets to inflation starting in 2028-29, targeting workers earning under $135,000. This measure, part of his budget reply as opposition leader, is projected to cost $22.5 billion and aims to address bracket creep while investing commodity windfalls for debt reduction.
Why it matters
This proposal could significantly impact middle-income earners by preventing tax increases due to inflation, helping to maintain their purchasing power.
Read the full story at The Guardian AU→