When the Albanese government broke its promise to leave alone the already-legislated stage three tax cuts at the start of this year, it took two risks.
The first and most immediate risk was annoying medium and higher-income earners, aspirational voters included. They had waited patiently over the years as the stage one and stage two tax cuts were rolled out, only to have theirs hacked back at the last minute.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
