Opinion
The case for stage three tax cuts is fading
The cost of the stage three cuts makes it even more important to reform the rest of the tax system that will be bearing the burden.
Peter DownesEconomistWill the Albanese government keep going with the stage three tax cuts in the May budget or not? The chances that they will seemed to increase with the release of the MYEFO in December.
The fiscal position was slightly better than anticipated. Seasonally adjusted, there seems to have been a surplus of about $10 billion to $11 billion in the first half of 2023-24, presaging a second likely surplus for the full year.
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