Issues of ‘fairness’ around changes to the stage three tax cuts ‘front and centre’

Market Economics Managing Director Stephen Koukoulas says the social and political aspects and the issue of fairness are “certainly front and centre” of the government’s backflip on stage three tax cuts. Mr Albanese fronted the National Press Club on Thursday, where he copped a grilling over his decision to break a major promise on stage three tax cuts. Mr Albanese addressed the press and defended Labor’s plan for reform to address cost of living issues for low and middle income earners. “It’s really just shuffling the tax scales that were in the original stage three package,” Mr Koukoulas told Sky News Australia. “The microeconomic aspect ... it’s been virtually non-existent.”