\'Retiree tax\' formally dumped
The 'retiree tax' that burst Labor's bubble of forming government after the 2020 federal election has been dumped.
Party leader Anthony Albanese announced the decision as he prepares for a possible early election in the second half of 2021, Nine reports.
Labor had planned to abolish franking credit refunds for people who paid no tax, raising $6 billion a year, but it was not well received by sections of the community.
"I can confirm that Labor has heard that message clearly and that we will not be taking any changes to franking credits to the next election," Mr Albanese told party faithful.
He has also vowed to ramp up personal attacks on Prime Minister Scott Morrison, labelling him "a man who stands for nothing except advertising campaigns, selfies and favours for Liberal mates".
Mr Albanese said the party's policy rollout would step up in coming months and its platform would be formally settled at a national conference on 30-31 March.
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