‘Double whammy’: Albanese’s stage three tax changes unlikely to address cost-of-living

Prime Minister Anthony Albanese is set to face a “double whammy” as stage three tax changes will not address the cost-of-living, Former New South Wales Labor treasurer Michael Costa says. “There’s no doubt it’s a broken promise,” Mr Costa told Sky News host Andrew Bolt. “What I think is more significant is we’re seeing Albanese go back to the ‘eat the rich’ placards that he used to run around with when he was a young left-winger in the Labor Party. “Yes, it is a broken promise, but it also doesn’t address – the cost-of-living.” Mr Costa sat down with Mr Bolt to discuss the stage three tax cuts.