Pressure grows on Albo to scrap Stage 3 tax cuts

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At least nine out of 18 crossbenchers across the House of Representatives and the Senate favour delaying or axing the Stage 3 tax cuts:

Costings by the Parliamentary Budget Office estimate the cuts will cost $243 billion to the budget over the next decade.

According to the Herald, nine crossbench MPs and Senators are in favour of delaying or scrapping the cuts, two are for keeping them, and three are undecided…

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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.