Budget 2025: Labor’s surprise tax cuts

With a federal election just around the corner, has Treasurer Jim Chalmers managed to help ease our financial pain without going on a spending spree, which would inevitably lead to being blamed for fuelling inflation?

Today, senior economics correspondent Shane Wright, speaks to Samantha from within the budget lock-up in Parliament House, on the surprise new tax cut for every Australian, whether those who are millennials or Gen Z (who together will make up the largest percentage of the voting population this year) are being helped disproportionately and who, if anyone, has been left behind. 

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