The Albanese government has secured a cabinet decision to offer bigger tax cuts to workers who earn up to about $150,000 a year by amending the stage 3 tax package.
The move will increase the tax gains for millions of workers by recasting the package when it starts on July 1 at a cost of $20.7 billion in its first year, with no change to the impact on federal revenue.
Shadow treasurer Angus Taylor has slammed the Albanese government over the tax reform, describing the decision as the “mother of all broken promises”.
Albanese had committed to deliver the tax cuts as planned when he won the 2022 federal election.
Here are 15 times Anthony Albanese made that promise.
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