Published: August 30, 2022
As the cost of living rises, the Albanese government is facing pressure to scrap $243bn worth of tax cuts legislated under the Morrison government that predominantly benefit the wealthiest Australians. Critics, including former Reserve Bank governor, Bernie Fraser, say these cuts are expensive and bad policy and the pandemic has made them even less affordable.
Political reporter Amy Remeikis talks to Laura Murphy-Oates about whether Australia can afford tax cuts for the rich, and why Labor is standing by them
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