Cost of living relief the focus of Federal Budget

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

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Broad cost of living measures are the focus of Labor’s pre-election budget.

Labor will reduce the tax rate on earnings between $18,201 and $45,000 from 16 per cent to 15 per cent next year, then to 14 per cent the year after.

Labor is hoping this budget is enough to tempt voters, with an election to be called at any moment.

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