to scrap her own tax cuts offers an incredible opportunity for the Albanese government. After weeks of outrage from voters, her own backbench and even the financial markets that once trumpeted the benefits of tax cuts, common sense and economic sense combined to deliver a timely, if humiliating, backflip.
With the budget stuck in deficit and public services groaning under the weight of public expectations, there could not be a worse time to implement Scott Morrison’s scheduled $250 billion worth of tax cuts, half of which would go to those earning more than $180,000 per year. Once upon a time, it would have been conservatives raging against such reckless spending, but once upon a time conservatives took things like cabinet government seriously as well.
But despite the determination of so many conservatives to vacate the political high ground of “economic management”, it’s not inevitable the Albanese government will fill the remaining political vacuum. Indeed, since winning office in May, Labor has gone out of its way to make clear that keeping election promises was more important than managing the budget or the economy.
Why is there so much angst over modest tax cuts for hardworking mums and dads. We spend billions on welfare. Its time the taxpayers who pay for this welfare get to keep a little more of their earned money. Fantastic that AlboMP is standing by his word! stage3taxcuts
Denniss is such a W⚓️.
they wont until the rba says they have too , like the boe said truss had to
Yes but I'm sure they won't make it so spectacular and humiliating.
You do realise that Liz Truss only got the job because she was a Whitefella. Blackfella Rishi Sunak is more qualified and experienced than her!
Liz truss wanted to abolish the 45% top rate entirely. Albo plans to raise the threshold of it by 20k. Richard Dennis is simply being a fraud to claim they are comparable.
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