Federal budget focuses on cost of living relief, including tax cuts in Australia

Tax cuts and energy bill relief are the biggest promises of Labor if the government gets a second mandate.

Cost of living relief the focus of Federal Budget. Source: AAP / LUKAS COCH/AAPIMAGE

Key Points

• This is Jim Chalmers’ final first term budget.
• Labor plans to reduce the tax rate on the lowest income levels.
• They hope this budget is enough to attract voters in the upcoming election.

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Federal budget focuses on cost of living relief, including tax cuts in Australia

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