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AAP
AAP
Politics
Jacob Shteyman

Labor gets tick on tax cut, Liberal fuel plan sputters

Both major parties are hoping to lure voters with promises to ease cost-of-living pressures. (Joel Carrett/AAP PHOTOS)

Voters can expect a tax cut regardless of who wins the federal election, but while both boost Australians' hip-pocket, economists say Labor's plan will make the nation better off than the coalition's.

Labor has already legislated its latest offering of income tax cuts, meaning workers on $45,000 or more will receive $5 a week extra from mid-2026 and another $5 the year after, if it holds government.

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