Jim Chalmers concedes Labor lost political credibility over small business tax backdown
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Summary
Treasurer Jim Chalmers has acknowledged that the Labor government has suffered a loss of political standing ("political paint") following its decision to back down on proposed small business tax changes. The article covers this political fallout and the government's concession of diminished credibility on tax policy.
Key quotes
· 1 pulledTreasurer Jim Chalmers has conceded Labor has lost 'political paint' over its backdown on small business tax changes.
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