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AAP
AAP
Politics
Andrew Brown, Zac de Silva and Jacob Shteyman

Labor tucks away $77b war chest for further tax cuts

The federal budget targeted housing tax breaks in a bid to help young Aussies buy their first home. (Susie Dodds/AAP PHOTOS)

Tax changes in the budget give the government scope to direct more relief to workers in future, raising the prospect of a 2028 pre-election sweetener.

While higher taxes on assets will be returned to workers via tax cuts in the short term, Treasury predicts the budget changes will deliver the government a $77 billion war chest over the 10 years to 2036/37.

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