The Briefing Budget breakdown: A cuppa's worth of tax cuts, free GPs & cheaper pints
Mar 25, 2025
Treasurer Jim Chalmers reveals a federal budget packed with tax cuts and energy relief for Australians. However, these measures are questioned for their true effectiveness amid rising living costs. The discussion highlights plans to boost job mobility and affordable housing, including a new help-to-buy scheme. Health and education reforms aim to enhance Medicare and support free TAFE placements. Interestingly, the budget sets aside funds for pandas as a diplomatic gesture, while leveraging influencers to engage younger voters through modern media.
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Modest Tax Cuts for Workers
- The upcoming tax cuts will save the average income earner about $5 weekly by next year and $10 by 2027.
- These cuts chiefly benefit younger workers, women, and lower to middle-income earners when combined with previous cuts.
Criticism of Tax Cuts' Impact
- The $5-$10 weekly tax cut is criticized as too small to offset rising costs such as rent and mortgages.
- Opponents call it a weak election bribe that lacks impact on real economic pain.
Cost of Living Relief Focus
- The budget prioritizes cost-of-living relief with cheaper medications, bulk-billed GP visits, and energy bill rebates.
- Significant funding targets childcare, aiming to subsidize parents and build new centers.