Tax cuts for those who need them
A proposal to change the Low-Income Tax Offset
Authors
Media release
Targeted tax cuts for battlers could be funded by taxing gas exports – new report
Low-income workers are suffering the most from falling real wages.
LITO changes could give them a $2,300 tax cut.
This would be fully paid for by a 25% tax on gas exports.
Key beneficiaries would be young people and those in regional areas, with National Party electorates benefiting the most.