Despite being an election promise, the Federal Treasurer, Dr Chalmers, appears to be setting the stage for the removal of the stage 3 tax cuts. If the Albanese government proceeds with removing them, the decision will be a clear signal that the government doesn’t possess the necessary courage to handle the turbulent times ahead.

It would also suggest that the government hasn’t considered the second-order consequences of the decision, or, at the very least, they have but have given them insufficient weight.

In light of the widening social and economic gaps in Australia, not standing by a repeated election promise to keep...