The Australian Taxpayers’ Alliance (ATA) is calling for a renewed commitment to genuine tax reform from both major parties. The Stage 3 tax cuts took six years to implement, yet only compensated taxpayers for two years’ worth of bracket creep. More is needed, and the ATA will be releasing tax reform proposals every week in the lead-up to the 2025 federal election.
Labor took a small step in the right direction by cutting the lowest tax rate, but on its own that policy is too little and too late. The Liberals have so far refused to offer income tax cuts, but we will keep up the pressure throughout the election campaign.
ATA Tax Proposals:
Cut the lowest tax rate
Remove welfare poverty traps
Raise tax-free threshold
Raise the top tax threshold
Expand small business deductions
Tax-free savings accounts
Replace capital gains tax
Tax transparency
Tune in to our regular ATA livestream every Monday & Thursday at 8:30pm for an interactive discussion of politics, policy, and our tax cut proposals.