Business News

The 2 main arguments against redesigning the Stage 3 tax cuts are wrong: here’s why

Written by Steven Hamilton, Visiting Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University

Wes Mountain/The Conversation, CC BY-ND

As debate over the Stage 3 tax cuts has raged, I’ve encountered two common defences of the package as it was, before Anthony Albanese rejigged it.

First, that this is merely the third stage of a program of tax cuts, coming after the earlier two stages that went to low and middle earners.

Former treasurer P...

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