Josh Frydenberg says Coalition is 'fully committed' to further tax cuts

Treasurer says bringing forward the change for incomes between $45,000 and $200,000 would not have given the biggest ‘bang for the buck’ in the budget

Josh Frydenberg has “absolutely” recommitted to $130bn of middle and high-income tax cuts due to begin in 2024, despite the Coalition opting not to bring them forward in last week’s budget.

Speaking on the ABC’s Insiders, the treasurer said the Coalition wanted government to act as a “catalyst” for recovery by allowing some businesses to fail while others grew and took advantage of tax concessions in the budget to hire and invest.

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