The federal government's personal income tax plan seems to be gathering crossbench support just as it's due to go before the Senate later Monday。
The government's seven-year, multi-phased plan brings in tax cuts for the coming financial year, as well as abolishing an entire tax bracket in 2024.
Labor supports the new low and middle-income tax offset -- to start next month.
But Opposition leader Bill Shorten says he would only vote for proposed cuts that come into effect this year.
Centre Alliance Senator Rex Patrick has told Sky News, while not ideal, he could support the bill in full.
Meanwhile, Finance Minister Mathias Cormann has called on the Senate to pass both the income tax cuts, as well as the outstanding company tax cuts, which are scheduled to be voted on in the second week of sittings.
Senator Cormann says a vote against the cuts would put jobs and investment at risk， "This next fortnight the senate will have the opportunity to vote for income tax relief for hard working Australians and the senate will also have the opportunity to support Australian working families, to protect investment and jobs here in Australia by supporting a lower, globally more competitive business tax rate for all business here in Australia."
