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ABC News
ABC News
Business
business reporter Michael Janda

Income tax changes ruled out this budget but push for new review into revenue gathers steam

Treasurer Jim Chalmers may have ruled out making changes to the stage 3 income tax cuts in his first budget, but there is a growing push for sweeping tax reform in this term of parliament.

The Commonwealth's deficit for last year came in around $47 billion better than expected when the Morrison government's last budget was handed down by then-treasurer Josh Frydenberg in March.

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