‘Wiped out by December’: Wilson blasts Labor over tax cuts which will vanish in six months

Shadow Treasurer Tim Wilson believes the government’s new tax cuts will be eroded almost immediately by bracket creep, leaving households worse off than promised.

“Every time the government has made a bold claim around tax cuts, it’s been eaten up by bracket creep,” Mr Wilson said.

“Just look at the tax cuts they took to the last election; they were wiped out by December.

“These sorts of measures will probably last six months.”