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PBO Flags $65.1B Cost for Shoebridge $1,000 Tax Cut

By Drooid · Oct 27, 2026, 12:06 PM UTC · How we work

Summary

Story summary

Greens leader David Shoebridge proposes a $1,000 annual tax cut for most workers, funded by new resource sector taxes.
Parliamentary Budget Office estimates the plan will cost $65.1 billion over four years and $234.6 billion over ten years.
The estimate adds $57.7 billion to the government debt interest bill by the mid-2030s.
Shoebridge says a 25 percent gas export tax would raise $17 billion annually to fund the cut.

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Story summary

Greens leader David Shoebridge proposes a $1,000 annual tax cut for most workers, funded by new resource sector taxes.
Parliamentary Budget Office estimates the plan will cost $65.1 billion over four years and $234.6 billion over ten years.
The estimate adds $57.7 billion to the government debt interest bill by the mid-2030s.
Shoebridge says a 25 percent gas export tax would raise $17 billion annually to fund the cut.