Original article by Shane Wright
The Age – Page: Online : 14-Dec-22

Prime Minister Anthony Albanese has consistently stated that Labor will not back down on its election commitment to proceed with the Coalition’s stage-three personal income tax cuts. However, labour economist Jeff Borland and former Reserve Bank governor Bernie Fraser are among 100 financial experts who have sent an open letter to Albanese urging his government to reconsider the tax cuts. They contend that the tax cuts are unaffordable in their current form given the changes in the economic and budget outlook since the package was legislated in 2019.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, RESERVE BANK OF AUSTRALIA