Taxpayers earning under $150,000 would be better off under a plan to retain the 37% tax bracket, unwinding the Morrison government’s stage-three tax cuts due to come into effect this year

Looks like a rather significant adjustment to the proposed cuts. Although still moving some beans around rather than dropping it.

Rough back of the envelope stuff it seems like ~80-120k earners get the largest dollar cut, but it’s more significant in terms of % income at the lower end. So workers in “professional” roles likely to see the biggest impact, still gonna be tough at the low end of town.