The Daily Aus The election promises on cost of living
Apr 29, 2025
As the federal election nears, cost of living takes center stage, with many young voters prioritizing it. The hosts discuss supermarket price gouging and examine political responses, including promises to enhance financial relief. The Labor Party and Coalition present contrasting strategies, with a focus on tax cuts and relief initiatives. Simplifying tax deductions for work-related expenses is also highlighted, aiming to ease the burden on employees. Innovative proposals, like universal dental care from the Greens, add to the conversation on tackling this pressing issue.
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Major Parties Agree On Key Measures
- Both major parties agree to ban supermarket price gouging despite denials from supermarkets themselves.
- They also concur on $150 energy bill relief and tripling bulk-billed GP visits to ease cost of living pressure.
Labor's Tax and Debt Relief
- Labor plans a gradual tax cut starting July 2026 for all taxpayers and a $1,000 work-related expenses deduction.
- They also propose cutting 20% off all student debts to reduce financial burdens.
Coalition's Tax and Fuel Cuts
- The Coalition offers a one-off tax cut for earners below $144,000 and a 25 cent per litre fuel excise cut.
- They propose increasing subsidised mental health sessions from 10 to 20 annually, unlike Labor.