Effectiveness of higher income earners tax cuts at stimulating the economy

Q. The federal government is considering bringing forward tax cuts currently planned for 2022 which will give higher income earners much bigger tax cuts than those on lower incomes.

Which of these options do you most support?

	Total	Gender		Age Group			Federal Voting Intention
		Male	Female	18-34	35-54	55+	Labor	Liberal + National	Greens	TOTAL: Other
The government should bring forward these tax cuts to this year	33%	34%	31%	33%	41%	24%	28%	40%	26%	29%
The government should stick to the existing timetable of 2022	29%	31%	27%	40%	25%	24%	29%	31%	28%	26%
The government should scrap these tax cuts and spend the money on other priorities	38%	35%	42%	27%	34%	52%	43%	29%	46%	45%
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)
The government should bring forward these tax cuts to this year	33%	25%	29%	46%
The government should stick to the existing timetable of 2022	29%	24%	33%	27%
The government should scrap these tax cuts and spend the money on other priorities	38%	50%	37%	27%
Base (n)	1,081	359	318	317

• 33% would support a decision to fast-track tax cuts for high income earners from 2022 to 2020. 29% think the cuts should keep to the existing timetable of 2022, while 38% think they should be scrapped.
• Fast-tracking the tax cuts has greatest support among those with a high household income (46%), while only 25% of those in a household with a lower income, and 29% of people in a mid-income household.