Full Story Budget 2025: Coalition and Labor clash on tax cuts
Mar 25, 2025
Tensions rise as the government prepares for a pivotal budget announcement influenced by recent events. The focus is on tax cuts and energy rebates designed to ease living costs. There's a heated debate around the modest nature of these cuts and how they'll affect Labor’s electoral chances. Political strategies unfold amid criticisms of opposition responses, all while grappling with trade disruptions and housing crises. Will the treasurer's plans resonate with voters as the election looms?
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Budget 2025 Overview
- The 2025 budget is considered reasonably generous, focusing on top-up tax cuts.
- International uncertainty overshadows the budget's narrative.
Tax Cut Mechanics
- Tax cuts will lower the tax bracket for incomes between $18,000 and $45,000.
- All earners will receive a $268 benefit in the first year, doubling in the second.
Opposition's Stance
- The opposition surprisingly opposes the tax cuts, despite advocating for lower taxes.
- This suggests they may have another policy requiring those funds.