The Forum > General Discussion > Stage3 tax cuts
Stage3 tax cuts
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"There are two aspects to Labor’s broken promise on stage three taxes: the question of integrity; and the economic value, or otherwise, associated with the backflip.
Even if there is merit attached to breaking the promise, which I’ll test later, doing so locks this government in as deeply untrustworthy, now and forever more. It should erode their ability to be believed during any other political debate, sapping the credibility of future promises.
Political integrity either matters or it doesn’t. Yet Anthony Albanese and Treasurer Jim Chalmers may well be rewarded for their deception. They are banking on the public taking a cynical view about truth in politics such that they let this egregious example of deceit pass. If that happens, it will further embed politicians breaking promises, eroding trust in the political class.
The stage three tax cuts were legislated, with Labor’s support, with a pledge they wouldn’t be altered. They were locked in at the election, with a promise they wouldn’t be repealed. That commitment was solidified post-election with assurances time and time again that nothing would change: the tax cuts would take effect as legislated.
Their word is their bond and it’s now utterly worthless.
The temptation is to label the PM and Treasurer liars, pejorative terminology to be sure. But what phraseology better encapsulates what they have done?"