Tax cuts save Albo


In the most recent Roy Morgan poll on federal voting intention, Labour government support increased by 2.5% to 53%, well surpassing the Coalition’s 47% (a decrease of 2.5%).

After the Albanese government detailed its plans for the much-anticipated “Stage 3 income tax cuts” that are set to take effect in the middle of the year, support for the government once again surged.

The measures enacted by the Albanese government are expected to benefit 84% of taxpayers, according to Treasury analysis.

The Albanese government would be re-elected with an easy majority if the results of the federal election held today were to be repeated.


Coalition support fell 0.5% to 37%, while ALP main support rose 2% to 33%.

Among the political parties, One Nation fell 0.5% to 5% and the Greens 1% to 12%. Independents and other parties’ support remained steady at 13%.

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.