Alboflation corners Albo on Stage 3 tax cuts

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A new Albo has emerged from the chrysalis of failure in 2023:

Mr Albanese said Treasury and the Department of Finance continued to provide suggestions on cost-of-living relief that could be provided without undermining the government’s priority of fighting inflation.

While cash handouts are off the table, other measures, such as further rebates for household energy bills, are believed to be under consideration.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.