Cost of Living Relief

13 February 2024

"From 1 July this year, the Albanese Labor government will deliver a tax cut for every taxpayer in the electorate of Bean."

Address to the House of Representatives, Statement by Members, Taxation

From 1 July this year, the Albanese Labor government will deliver a tax cut for every taxpayer in the electorate of Bean. A primary school teacher in Bean working at Arawang Primary School in Weston Creek and earning $85,000 will get a tax cut of $1,800; an electrician working on construction sites in Woden and earning $110,000 a year will get a tax cut of more than $2,400; a software engineer working at the Department of Social Services in Greenway—there is lots of work there—and earning more than $140,000 will get a cut of $3,700; and nurses working at Goodwin Village Farrer, who received increases in their pay in last year's budget, will now get an additional $1,500 tax cut. No matter who you are, this Albanese Labor government will make sure you keep more of what you earn.

We understand that family budgets are under pressure right now, and we are taking that pressure off family budgets. It's our No. 1 priority. Under Labor, more people are working and more people are earning more, and under our plan more people will keep more of what they earn. I stand here proud to be part of the government that is delivering real cost-of-living relief to families in my community of Bean but also in every community right across the country.