The Australian federal opposition party decided on Monday to drop its previous stance and deliver the same legislated tax cuts as the Coalition after six years of opposition, or two election cycles, to the policies. “The Shadow Cabinet and Caucus have today confirmed that Labor in government would uphold the legislated changes to personal income taxes and maintain the existing regimes for negative gearing and capital gains tax,” Labor leader Anthony Albanese and Shadow Treasurer Jim Chalmers said in a joint statement on Monday. Albanese said the move is providing “certainty and clarity” for over nine million working Australians. This means Labor now supports stage three tax cuts that will abolish the 37 percent tax bracket and see the tax rate flattened to 30 percent for everyone earning between $45,000 and $200,000. People earning over $200,000 will remain in the 45 percent tax bracket. The move comes against the backdrop of …