The Prime Minister has allowed speculation on the stage three tax cuts to run rife this week, but senior government sources say there’s no plan to backpedal on Labor’s election promise, reports Andrew Clennell.
Mr Chalmers and Finance Minister Katy Gallagher have been allowed by the Prime Minister last week to speculate on a potential change to the tax cuts – which they duly did – but Sky News understands Mr Albanese is not keen to see any change to the tax cuts package he committed to at the election.
On Friday, when asked if he would give"a guarantee that there will be no changes to the stage three tax cuts", Mr Albanese said:"What I have said is that the Government has not changed our position." Stream more Australian news with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. Offer ends 31 October, 2022After repeatedly refusing to rule out a change on Tuesday, on Friday, the Treasurer again put fuel on the fire, saying that:"When it comes to the tax cuts, I think we've made the obvious point that when it comes to cost-of-living relief it should be targeted to people on low and middle incomes.
Sky News has been told any change to the tax cuts is now"extremely unlikely" after backlash. Several Labor MPs, including Macarthur MP Mike Freelander and Assistant Treasurer Andrew Leigh have spoken out against breaching the election promise to keep the cuts which would affect all Australians on $45,000 or more.
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