If you were being really cynical, you might say the government should have hacked into those stage 3 tax cuts, while leaving super alone. That would have received much the same political angst, but saved a heap more revenue.
If we shed the cloak of cynicism, where has this week’s “tweak” of one of the superannuation tax breaks left policy and politics?
As a policy change, the government’s decision is well-based but has been poorly executed. It is fair – people with very large balances certainly don’t need the level of taxpayer generosity they receive. It is also a (very modest) move to address the budget challenge.
