‘Uncosted nonsense’: coalition economic plan blasted
THE coalition has pledged to introduce some of the biggest cuts to migration in Australia’s history and overhaul the nation’s tax system, but is facing accusations that its reforms are “uncosted nonsense”. In his first budget reply speech, Opposition Leader Angus Taylor has promised to index tax rates in line with inflation, claiming the move will deliver workers an extra $ 1,000 a year after four years. Under his plan, the bottom two tax brackets – covering people earning between $18,201 and $135,000 – would be indexed from 2028/29. The top two ta