Home » Labor set a superannuation trap — and Dutton immediately took the bait

Labor set a superannuation trap — and Dutton immediately took the bait

After nearly four years in a small target crouch, nursing the bruises and fearing the ghosts of 2019, Labor poked its nose above the tax reform parapet this week. 

The superannuation tax increase announced this week is modest, even timid, compared to the bold reforms Bill Shorten took to the 2019 election. Nonetheless, it marks an important turning point for Labor. It’s finally been willing to take a political risk to repair a budget in bad shape.

When he took over as leader after the 2019 defeat, Anthony Albanese shared the view of many within Labor that tax reform was too difficult to attempt from opposition. He jettisoned everything except a plan to slug multinationals (for whom there’s little love). It was a low-risk and highly successful plan for keeping the focus off Labor and on Scott Morrison’s faults.