The latest Newspoll shows while 62 per cent of voters believe Prime Minister Anthony Albanese made the right choice to modify the stage three tax cuts, only 38 per cent of them said they would be better off under the proposed changes.

Labor leads the coalition 52 per cent to 48 per cent on a two-party-preferred basis, the latest Newspoll in The Australian reveals, unchanged from the previous December poll.

Treasurer Jim Chalmers will introduce legislation to revise the stage three tax cuts when parliament resumes on Tuesday.

“We don’t need polls to tell us people will welcome extra assistance with cost of living pressures,” he told reporters in Canberra.

“This has never been about the politics or polls or punditry, this is about real people and the pressure they are under.

“What we’ve done here is put people before politics and I think people are recognising that.”

The coalition has not yet said whether it will support Labor’s changes which halve tax breaks for higher earners and give relief to more people on lower and middle incomes.

The Newspoll also shows Mr Albanese (56 per cent) has maintained his lead over Peter Dutton (35 per cent) as preferred leader.

While Labor’s primary vote was up one percentage point (34 per cent), it remains behind the Liberal-National coalition (36 per cent) on the primary vote.

The Greens’ primary vote dropped one point to 12 per cent and One Nation’s was unchanged at seven per cent while the independents and minor parties remained at 11 per cent.

The poll of 1245 voters was conducted between January 31 and Saturday.