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Stage 3 tax cuts to be revised

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Albanese stands at a lectern looking out at rows of seated Labor politicians, inside their party room.
Prime Minister Anthony Albanese spoke to new and returning Labor politicians ahead of the first sitting of the 47th Parliament.(ABC News: Matt Roberts)
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It was a question that for a very long time got an adamant 'no' from the Albanese government: Would the government break an election promise and revise its Stage 3 tax cuts?

As the cost of living crisis continues, the government has started 2024 with a change of heart with stage 3 tax cuts to be made less generous for high-income earners.

GUEST: 
Steve Hamilton, economist and assistant professor of economics at George Washington University in Washington DC 

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