Why carry out the Stage Three Tax cuts? And what's the alternative?

Treasurer Jim Chalmers will present the Federal Budget on October 25th (AAP)

Treasurer Jim Chalmers will present the Federal Budget on October 25th Source: AAP / LUKAS COCH/AAPIMAGE

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All eyes will be on the Labor Government's first budget next week - with the fate of the Coalition's Stage Three Tax Cuts dominating debate in the lead-up. The legislation passed in 2019 with the then Labor Opposition's support, despite that party's reservations over the tax cuts, due to begin in 2024- 25. Having promised 'no change' to the policy during the election campaign - the Albanese government faces a backlash if the cuts are delayed or amended.

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