The Morrison Government has committed to a Lower Tax Guarantee during the next term of Parliament as well as providing an ironclad guarantee that the planned $100 billion of tax relief will be delivered to Australian workers over the next four years.
This commitment provides certainty to millions of workers, retirees and to every small business in Australia, said an official joint press statement Prime Minister Scott Morrison, Treasurer Josh Frydenberg and Minister for Finance Simon Birmingham
Prime Minister Scott Morrison said the Labor Party could not give the same guarantee while they continue to refuse to put a speed limit on their tax plan for millions of Australians.
“Lower taxes are at the heart of our economic plan for a stronger economy and stronger future,” the Prime Minister said.
“Today I give the Australian people my Government’s Lower Tax Guarantee.
“I also guarantee that we will deliver $100 billion in tax relief over the next four years, providing Australians with certainty and helping to deliver a stronger economy.
A re-elected Morrison Government’s Lower Tax Guarantee includes;
No new taxes on Australian workers.
No new taxes on retirees.
No new taxes on superannuation.
No new taxes on small businesses.
No new taxes on housing.
No new taxes on electricity.
A re-elected Morrison Government will continue to put a speed limit on taxes by keeping taxes below 23.9 per cent of GDP, the release added.
(Media release)
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