this post was submitted on 25 Jan 2024
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Australian Politics

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Labor is taking a six-to-one gamble that money in the pocket is more important than a broken promise (www.abc.net.au)
submitted 9 months ago by MHLoppy2@aussie.zone to c/australianpolitics@aussie.zone
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ANU economist Ben Phillips ran the government's proposed stage 3 tweaks through his PolicyMod simulator to weigh up the winners and losers.

He finds about 6.2 million households will benefit from the Albanese government's changes, while just 1.1 million households will lose out compared to the tax laws passed under the Coalition.

The government's gamble is that nearly six-to-one winners to losers presents pretty good odds for the widespread financial benefits to outweigh the cost of a broken promise.

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