The Prime Minister said he was 'being economically literate' when quizzed about whether comments he made during a speech were laying the groundwork for changes to the stage three tax cuts.
Anthony Albanese has responded to questions about whether Labor will seek to amend the stage three tax cuts by saying:"The Government hasn't changed our position".
"These consecutive rate increases began under the former Coalition government and are occurring in the context of global economic uncertainty, driven by inflationary pressures," the Prime Minister said. Mr Albanese declared his government would not shy away from making the"difficult decisions" as it puts the finishing touches on its budget, which will be handed down on October 25.
"One of the things that I said today was that you have the global central banks all acting in a simultaneous way for the fastest and highest tightening of monetary policy that we have seen in decades.Mr Albanese was this week accused of going missing by the Opposition on the issue of stage three tax cuts.
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