Lost Labor splinters on Coalition tax cuts

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By Leith van Onselen

Labor’s frontbench will meet on 24 June, amid growing pressure from within the party’s ranks to back the federal government’s full income tax package. Some Labor MPs are of the view that the party may need to accept that the Coalition’s election win has given it a mandate for its three-stage income tax package. Labor MP Peter Khalil is among those to have urged Opposition leader Anthony Albanese to support the tax cuts. From The Australian:

Labor frontbenchers told The Australian that a “critical mass” was emerging within the caucus and senior ranks that believed the government should be afforded a mandate on the tax cuts to avoid being labelled wreckers for the next three years.

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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.