Good morning. The debate over the stage-three tax cuts roils on ahead of this month’s budget, with one Liberal moderate suggesting they be delayed and reviewed. And cost of living pressures aren’t going away, with Russia and Saudi Arabia overnight making a bigger than expected cut to global oil production.
Liberal moderate Bridget Archer says Labor is right to be questioning the stage-three tax cuts, declaring governments have “got to have an open mind if circumstances change”. With Labor divided over whether to keep, delay, amend or axe the Morrison government’s stage-three cuts in the October or May budgets, Archer said the Albanese government needed to craft policy responses relevant to the times, rather than be hamstrung by perceptions about broken election promises.
