Albo’s Stage 3 panic wrecks Posh Teals

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Albo has 11m reasons to cheer after his 11th hour Stage 3 panic:

More than 11 million Australians will receive bigger tax cuts in a bid by the Albanese government to convince voters to back a sweeping overhaul of the stage 3 tax package that breaks a core election pledge to deliver the original cuts in full.

Prime Minister Anthony Albanese will ask Australians to support the new plan because it offers tax cuts to all workers without putting pressure on inflation or deepening the cost to the federal budget.

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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.