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The Guardian - AU
The Guardian - AU
National
Peter Hannam

Labor says it’s looking for ways to ease cost-of-living pressures. Just don’t mention the stage-three tax cuts

Labor Tax Cuts RBA Gareth Aird Greg Jericho Adam Boyton Anthony Albanese Cassandra Goldie Jim Chalmers Economy
Australian Prime Minister Anthony Albanese addresses media as Federal Treasurer Jim Chalmers looks on
Anthony Albanese says he has ordered Treasury to conjure ideas about easing cost-of-living pressures without stoking inflation. Photograph: Dave Hunt/AAP

Come 1 July, Australian taxpayers will have $20bn more to spend, a pulse of demand in the economy that will keep interest rates higher than they otherwise would be.

That is courtesy of the controversial stage-three tax cuts that are legislated and, it seems, unlikely to be delayed or modified by the federal government.

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