Labour commits to income tax cuts and certainty on negative gearing.

The Australian Labour Party has formally announced that, if elected to Government, they will deliver "the same legislated tax relief to more than 9 million Australians as the Morrison Government".

This means they have committed to upholding the legislated changes to personal income taxes and will also maintain the existing regimes for negative gearing and capital gains tax to provide "certainty and clarity to Australian working families after a difficult two years for our country and the world".

The ALP’s focus is on making sure Australia emerges from this pandemic stronger and more resilient, “with an economy that works for working families, not the other way around”.

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