Labor unlikely to support high-income tax cuts

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By Leith van Onselen

New Labor leader, Anthony Albanese, is under pressure within the party to oppose the Morrison Government’s high-income tax cuts. From The Canberra Times:

Mr Albanese challenged Mr Morrison to recall Parliament before June 30 to pass the first tranche of the tax cuts package, which mostly benefits low and middle income earners. He pledged Labor’s support for that stage, while the later stages were “up for discussion and debate”.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.