Higher support payments to low-income households and a boost to the nation’s unemployment benefit are among the top policies being advanced by leading economists to alleviate Australia’s cost-of-living pressures.
The Morrison government is understood to be considering an extension of the $8 billion low-and-middle-income tax offset for workers earning up to $126,000 per year, with The Australian reporting on Wednesday that the cabinet is preparing a new package to help with the rising cost of living.
