Federal Member for Capricornia, Michelle Landry, has called out Labor for their decision to cut the Low and Middle Income Tax Offset (LMITO) during a time when everyday Australian families are struggling with the cost-of-living crisis.
The LMITO was introduced to provide targeted relief for low and middle income earners.
Some 10 million hardworking low and middle income Australians will be impacted by Labor’s decision to impose further hardship.
It means people earning under $126,000 a year will have $1,500 less in their pockets.
The Federal Member for Capricornia, Michelle Landry, said this cut to the LMITO comes at a time when Australians are already doing it tough.
“This decision comes at a time when food and electricity prices have never been higher and mortgage repayments are climbing.
“Labor continues to prove it cannot be trusted, with this cut being another broken promise that Australians would be better off under Labor.
“Prior to last year’s election, the Prime Minister promised 97 times that he would reduce power prices by $275. We are still waiting to see this promise be delivered,” Ms Landry said.
Low and middle income earners will join millions of pensioners, self-funded retirees, Australian mortgage holders and renters paying for Labor’s failure to rein in its own spending to bring down pressure on prices, and its broken promises on superannuation and franking credits taxes.