The Prime Minister, Anthony Albanese, has defended the changes the government has made to the Stage 3 tax cuts. In an address to the National Press Club, Albanese confirmed that the tax system will remain progressive with the reintroduction of the 37% tax scale. Whereas the Stage 3 cuts excluded people on lower incomes, all taxpayers will now receive a tax cut from July 1, but those on higher incomes have had their cut reduced. Approximately one million people will receive a lower tax cut than originally legislated. The $200,000 threshold has been lowered to $190,000. A taxpayer who would have got a tax cut of $9,000 will now get around $4,500. However, 11.5 million people will receive larger tax cuts. The original Stage 3 only applied to taxpayers earning more than $45,000, but will now apply to all taxpayers earning beyond the tax-free threshold of $18,200. The lowest tax…