‘Everyone will get a tax cut’: PM hints at stage three backdown

Tom McIlroy and John Kehoe

Jan 23, 2024 – 9.36am

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Anthony Albanese says the government will take up new ways to provide cost-of-living assistance to working Australians and give everyone a tax cut, with changes to the stage three package likely as soon as this week.

Amid growing speculation Tuesday’s cabinet meeting will pull the trigger on tweaks to the already legislated cuts, the prime minister and Defence Minister Richard Marles on Tuesday stressed “middle Australia” would receive more assistance, hinting workers in the lowest tax brackets would be included in the changes.

Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent.

John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury.