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ABC News
ABC News
Business
business reporter Gareth Hutchens

Labor's first budget back in government will make income inequality worse, and the stage 3 tax cuts are mainly to blame

The financial benefits of the Albanese government's major tax and welfare policies will flow overwhelmingly to Australia's richest households, making income inequality worse.

Those are the findings of new modelling of the impact of key policies in the new Labor government's first budget.

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