Federal budget 2022: Aussies miss out on early tax cuts but fuel duty cut considered as petrol soars

Major blow to every Aussie who earns more than $45,000-a-year with workers set to miss out on big tax cuts this year

  • Federal Government will hand down the Budget on March 29 before election 
  • PM Scott Morrison is not expected to bring forward stage three tax cuts 
  • There will be some help for low and middles earners struggling with price rises 

Australian full-time workers will miss out an early income tax cut in the federal Budget later this month – as the government spends more tax funds on cost of living payments to help people cope with soaring prices.

The government had considered bringing forward the stage three tax cuts which are due in July 2024 but has now decided against the move, a source told The Australian.


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Written by Bourbiza Mohamed

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