Essential Report
Effectiveness of higher income earners tax cuts at stimulating the economy
Q. Thinking about tax cuts which benefit higher income earners, which of the following statements is closer to your views?
Total | Gender | Age Group | Federal Voting Intention | |||||||
Male | Female | 18-34 | 35-54 | 55+ | Labor | Liberal + National | Greens | TOTAL: Other | ||
Tax cuts for higher income earners are very effective at stimulating the economy because people will spend the additional money | 21% | 24% | 18% | 23% | 28% | 13% | 17% | 27% | 12% | 20% |
Tax cuts for higher income earners are only moderately effective at stimulating the economy because only some of the additional money will be spent | 41% | 41% | 40% | 52% | 38% | 33% | 36% | 45% | 45% | 38% |
Tax cuts for higher income earners are not effective at stimulating the economy because people will save and not spend any additional money they receive | 38% | 35% | 42% | 25% | 34% | 54% | 47% | 28% | 43% | 42% |
Base (n) | 1,081 | 539 | 542 | 338 | 374 | 369 | 298 | 460 | 115 | 104 |
Total | Household Income | |||
TOTAL: Lower Income
(Up to $51,999 per year) |
TOTAL: Mid Income ($52,000-$103,999 per year) | TOTAL: Higher Income
(More than $104,000 per year) |
||
Tax cuts for higher income earners are very effective at stimulating the economy because people will spend the additional money | 21% | 18% | 24% | 23% |
Tax cuts for higher income earners are only moderately effective at stimulating the economy because only some of the additional money will be spent | 41% | 34% | 39% | 49% |
Tax cuts for higher income earners are not effective at stimulating the economy because people will save and not spend any additional money they receive | 38% | 48% | 37% | 27% |
Base (n) | 1,081 | 359 | 318 | 317 |
- One in five people (21%) believe tax cuts for higher income earners are very effective at stimulating the economy. 41% think they are only moderately effective at stimulating the economy and 38% believe they are not effective.
- Even among living in household with an annual income of over $100k, just 23% think these tax cuts would be very effective at stimulating the economy, while 49% say they would be moderately effective and 27% say they would not be effective

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