Anthony Albanese concedes Labor has changed tax policy but says he had ‘responsibility to act’ given cost of living pressures
The opposition leader, Peter Dutton, has demanded Anthony Albanese call an election to win a fresh mandate for the revamped income tax plan because it is a “significant change” to stage-three cuts that favoured high-income earners.
Labor’s new tax cuts, unveiled by the prime minister on Thursday, would give back $359bn over 10 years to Australians, delivering bigger savings to all taxpayers earning less than $146,486 and doubling tax relief for those on the average income.
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