Via The Guardian:
Bill Shorten has reversed his initial decision to repeal the Turnbull government’s tax cuts for medium-sized businesses after mounting internal pressure over his captain’s call earlier in the week.
Friday’s backflip follows a stumble when Shorten pledged to repeal the Turnbull government’s legislated tax cuts for firms earning between $10m and $50m in an off-the-cuff announcement on Tuesday, which triggered a business backlash, internal confusion and Labor MPs speaking at cross purposes.
…On Friday, Shorten told reporters he’d recommended to shadow cabinet that the status quo be maintained. He said it had become necessary to “amend” Tuesday’s announcement because it was “causing confusion and uncertainty for business” and because Labor was in receipt of updated financial information.
Sensible. Quick and clean and frees Labor to launch an all-out assault upon the big end of town and it’s paid-up PM.
