Essential Report

Tax cuts

Jun 19, 2018

Q. Do you support or oppose the following Government proposals for tax cuts?

  Total support Total

oppose

  Strongly support Support Oppose Strongly oppose Don’t know
A tax cut of $530 for middle and lower income earners from next year. 79% 9%   35% 44% 6% 3% 12%
Changing the tax rates so that workers earning between $40,000 and $200,000 pay the same rate of tax 37% 47%   12% 25% 28% 19% 16%
Cutting the tax rate for businesses from 30% to 25% estimated to cost $65 billion over the next 10 years 39% 39%   12% 27% 21% 18% 23%

 

There was strong support (79%) for the proposed tax cut of $530 for middle and lower income earners from next year.

However, respondents were more likely to oppose changing the tax rates so that workers earning between $40,000 and $200,000 pay the same rate of tax (37% support/47% oppose). Full-time workers were split on this (45% support/43% oppose) while part-time workers were strongly opposed (29% support/56% oppose). All income groups were more likely to be opposed except for those earning over $2,000 pw who were split 47% support/42% oppose.

Respondents were evenly divided over cutting the tax rate for businesses (39% support/39% oppose). Liberal National voters tended to support this (56% support/28% oppose) while Labor voters were more likely to be opposed (29% support/51% oppose).

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