There's been a lot of talk this week about the Stage 3 tax cuts and the Government's proposal to redistribute some of the promised cuts towards those earning less than $146,000 a year.
It is clear that many in our community have thought deeply about the Stage 3 cuts and I am, as always, grateful for your input. Rising costs of living are impacting all Australians, and there are households in our community — particularly those on single incomes — who were relying on the promised tax cuts to pay for groceries, school fees, mortgages and rent.
At the same time, based on your feedback, it seems many also support the relief that the changes will bring to those on lower and middle incomes, including women in the workforce.
Research shows that women have been disproportionately affected by cost-of-living pressures over the past year. As the Women's Economic Equality Taskforce reported last September, gender segregation persists across the economy, with women more likely to be reliant on award-based, low-paid, insecure work than men.
We need to do far more to address the systemic issues currently holding our economy back. This includes bolder, holistic tax reform that is less reliant on income tax, and puts a greater burden on companies and passive wealth generation.
We must also dismantle barriers to women's economic participation, which could unlock an estimated $128 billion in economic value a year. This theme will provide us with a fantastic basis for our discussion this year at our annual International Women’s Day breakfast on March 6th. See below for further details on our incredible speaking line up including Catherine Fox, Michelle Lim, Melanie Fernandez, Sophie Scott and myself.
With Parliamentary sittings resuming this week, I have written to the Speaker of the House, the Honorable Milton Dick, asking him to hold ministers more accountable for answering the questions they are asked. We have much to discuss and it is only through full, open and collaborative conversations that we will be able to reach better outcomes for all.
Thank you for your continued support, and please keep that feedback coming!