As part of his push to win the 2022 election, Anthony Albanese convinced the Labor Party to support the Morrison-era stage three tax cuts and that's been Labor's position – until now.
As the Prime Minister readies himself to officially break his promise and take the axe to the tax cuts which are set to be announced at his National Press Club address today, he will have explain the backflip and ready himself for a battle.
The changes spell a breach of faith which could be politically fatal for the PM.
As it stands, the legislated cuts are skewed in favour of higher income earners with the tweak set to distribute this among the lowest income earners.
The changes are setting the government up for a bitter stoush with the Coalition and business groups who are going nuclear over a broken election promise.
The full details of the government’s tax changes and cost of living relief will be unveiled at the National Press Club on Thursday.
