Treasurer draws election battle lines over $130 million phase three tax cuts | Sky News Australia

Treasurer Josh Frydenberg has drawn election battle lines over his $130 billion phase three tax cuts and urged the Labor Party to voice their support of the legislation.

If supported the cuts would abolish the 37 per cent tax bracket – leaving earnings between $45,000 and $200,000 taxed at 30 per cent. Mr Frydenberg insists the scheme "would create a stronger system" but said the opposition has not revealed whether they will commit. He warns middle-income earners would be hundreds of dollars a year worse off if the party does not support the cuts.

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Treasurer Frydenberg announceS $1.2b investment in digital economy strategy | Sky News AustraliaTreasurer Josh Frydenberg says digital infrastructure and digital skills will be 'critical for the competitiveness' of our economy, creating 'massive opportunities' for growth and jobs. \n\nMr Frydenberg delivered the federal budget on Tuesday evening. \n\n'In this budget, we are investing $1.2 billion in our digital economy strategy, establishing a new national network of artificial intelligence centres to drive business adoption of these new technologies,' Mr Frydenberg said. \n\n'Expanding our cybersecurity innovation fund to train the next generation of cybersecurity experts.\n \n'And undertaking a digital skills cadetship trial which combines workplace and vocational training.'
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