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A new analysis says that if the budget ditched the stage 3 tax cuts, Australia could save every threatened species and lots more. The Stage 3 tax cuts are a series of tax cuts that create a flat 30% tax rate for all Australians earning between $45,000 and $200,000 from July 2024. They will cost the budget around $243 billion over the next decade and benefit high-income earners more than low- and middle-income earners.

#taxcuts #budget #environment

https://theconversation.com/if-the-budget-ditched-the-stage-3-tax-cuts-australia-could-save-every-threatened-species-and-lots-more-205305