While many Australians were focused on watching the Olympics this week, the federal Labor Opposition quietly made some significant policy changes.

The party has now fallen in line with the government's tax cuts for the wealthy, despite previously labelling them unfair and ineffective.

The backflip comes as Labor tries to minimise potential attacks from the Coalition, ahead of the next election.

Today, columnist for The Saturday Paper Paul Bongiorno on Labor’s small-target strategy, and if it will work.

Guest: Columnist for The Saturday Paper, Paul Bongiorno.

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