Two months after announcing their stage three income tax cuts backflip, and a month after they breezed through parliament, Labor is probably feeling satisfied with what they have pulled off – especially since they appear to have been politically popular.
But if they think they have resolved the basic issues around personal income tax policy, they are mistaken.
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Matthew Taylor is Director of the Centre for Independent Studies Intergenerational program.
Robert Carling is a Senior fellow at the Centre for Independent Studies, and a former IMF and federal and state Treasury economist.
