EXCLUSIVE: Chris O’Keefe has revealed that Prime Minister Anthony Albanese is on the verge of overhauling the stage three tax cuts, with the plan set to go to the cabinet on Tuesday and Labor’s caucus on Wednesday.

Under the revamped proposal, all taxpayers will still receive a tax cut. However, those on over $180,000 will see their promised tax cut dramatically reduced, with lower-income earners to now receive more relief than initially promised.

“This change by the Prime Minister is big because he has spent the last five years, telling us how he has no plans to change them,” he said.

Hear more highlights from Drive with Chris O’Keefe below: