Labor attacked by former RBA governor Bernie Fraser for sticking to ‘dodgy’ stage-three tax cuts

Fraser says Albanese government should repeal stage three as the tax cuts are even more unfair' due to falling real wages

The former governor of the Reserve Bank, Bernie Fraser, has criticised the Labor government for sticking to the very dodgy" stage-three tax cuts, arguing they should be repealed to allow for spending on social programs.

Condemning the tax cut package as unfair and unwarranted", Fraser said Labor in opposition had only supported the measure as part of its small target strategy to gain political power for the party" and it now ought to be reconsidered.