battlers" in recent months, but tonight Peter Costello produced a big bundle of tax cuts to win them back.
Rudd has only borrowed them between elections, and that they will November.
WorkChoices for workers earning up to $75,000, tonight Mr Costello announced two-step tax cuts that, in the first step at least, home in on the lower-middle-income bracket.
squarely at middle Australia," he told the Herald.
$35,000 to $40,000 a year, taking effect from July 1.
In his press conference, Mr Costello produced a chart to boast that taxpayers on $30,000 have enjoyed a total cumulative cut to their tax bills of 45 per cent, and those on $40,000 incomes had their bills cut by 24 per cent over the last three years.
In proportionate terms, these are by far the biggest cuts.
maximum of $14.42 a week, but they have to wait for step two, taking effect a year later, for the full effect.
Those earning $180,000 and over will get a $52.88 tax cut once the election is past and if the Coalition is still in power.
While the tax cuts were expected, Mr Costello also produced an unexpected innovation - a $5 billion new fund, which he called a "honey pot", for universities.
This fund, which will be an endowment, will be an investment universities.
the 11 years of the Howard Government. It's plainly designed to break Mr Rudd's momentum, the Treasurer would answer only indirectly.
"I have always believed that if you get the economics right, the politics will follow," he said.
He's a bona fide Hollywood star, and Steven Spielberg and Brad Pitt are among his fans, but what Eric Bana treasures most is his life as a suburban dad.
News RSS