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The Latest Breaking News from Tax Cuts

Labor’s budget tax cuts make good economic sense – and have backed Dutton and Taylor into a political corner

The tax cuts announced in Jim Chalmers’ fourth budget have left the opposition leader and shadow treasurer with limited options

The Guardian - AU

Politics with Michelle Grattan: Jim Chalmers and Angus Taylor on tax top-ups and budget bottom lines

As the election starter’s gun is about to be fired, Tuesday’s budget announced modest income tax cuts as the government’s latest cost-of-living measure. The Coalition has opposed the tax relief, with Peter Dutton’s Thursday budget reply to put forward his policy counters on the cost of living.

The Conversation

Afternoon Update: budget tax cuts pass lower house; easing inflation boosts rate cut hopes; and a dachshund on the run

Labor’s legislation passes the lower house without Coalition support

The Guardian - AU

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Is this the right budget for these economic times? We asked 5 experts

Treasurer Jim Chalmers has described the income tax cuts in this week’s federal budget as a “top-up”. They will amount to roughly one cup of coffee a week for every taxpayer in the first year.

The Conversation

Morning Mail: Coalition won’t back tax cuts, Black Sea truce agreed, a Perth power play

Treasurer springs surprise with tax cuts and puts opposition on the defensive; Russia and Ukraine will ‘eliminate the use of force’ in area

The Guardian - AU

Battle lines drawn over tax cuts as election looms

Universal $5 a week tax cuts are being raced through parliament as debate around cost of living intensifies ahead of the federal election.

AAP

Jim Chalmers’ 2025 budget speech abridged and annotated – the economy is OK and we’re heading into an election

What the treasurer said – and what we can read between the lines of the budget night speech

The Guardian - AU

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How Will The 2025 Budget Affect Young Aussie Women?

New tax cuts, cheaper contraceptives and more — here’s everything you need to know.

Pedestrian.tv

Australia budget 2025: the seven graphs you need to see

These are pure Labor tax cuts – just what the ALP should be all about – but why are we still letting gas companies get off scot-free?

The Guardian - AU

Australian federal budget tax cuts: how much will your household receive?

Tax cuts are the major highlight of what Labor’s 2025 budget is doing for households

The Guardian - AU

What the federal budget means for your generation – gen Z, millennial, gen X or boomer

Tax cuts, more funding for Medicare bulk billing, the PBS and education are all welcome – but a lack of ambition on housing is a sore point

The Guardian - AU

Australia’s tax take is higher – but so are debt and deficit in this year’s budget

Higher-than-expected revenue has put the economy in a stronger position than last year and is helping fund pre-election policies including tax cuts

The Guardian - AU

Tax Cuts & Cheaper Healthcare: 9 Major Takeaways From The 2025 Federal Budget

If you're looking for a handy guide about the 2025 Federal Budget and how it affects young Aussies, we've got you covered.

Pedestrian.tv

Albanese government bids for votes with ‘top-up’ tax cuts for all

Tax cuts are the centrepiece of the Albanese government’s cost-of-living budget bid for re-election in May. The surprise tax measures mean taxpayers will receive an extra tax cut of up to A$268 from July 1 next year and up to $536 every year from July 1 2027.

The Conversation

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The Conversation

A ‘modest’ tax bribe, delivered against dark clouds of Trump-induced uncertainty

The Albanese government’s fourth budget is a pitch for the votes of a sour and alienated electorate, framed against a background of extraordinary international uncertainty.

The Conversation

Tax cuts are coming, but not soon, in a cautious budget

Today’s budget is a cautious and responsible response to the cost-of-living pressures facing voters.

AAP

Taxpayers to get $10 a week cut in pre-election budget

All taxpayers will get two rounds of cuts but only starting from July 2026, as Treasurer Jim Chalmers makes the case for a second Labor term.

Roll Call

Congress returns for three-week sprint session - Roll Call

Both the House and Senate come back from recess this week to begin a busy three-week period that’s expected to focus on Republicans’ budget reconciliation agenda, including extending and expanding tax cuts and tightening immigration policy. The top items on the House agenda this week, meanwhile, will include more measures…

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The Independent UK

Income tax cuts and jobs at risk due to trade war, Donohoe says

Government plans for tax cuts may have to be postponed due to the threat of a global trade war, the finance minister has said.

Fortune

US debt could explode above 200% of GDP in two decades if Trump's tax cuts become permanent, CBO says — putting it at unsustainable levels

"Macroeconomic feedback effects would further increase interest rates and, therefore, lead to even worse fiscal outcomes," the Peter G. Peterson Foundation warned.

Fortune

High-net worth families are racing against the clock to shield their wealth before the estate tax increases

"This is the number one issue that’s looming large in peoples’ minds."

Reason

New Income Tax Proposal Is Progressive and Unworkable

Commerce Secretary Howard Lutnick says the Trump administration wants to eliminate income taxes for those making $150,000 or less—an unprecedented shift with major consequences.

Kiplinger

Trump’s Latest Pitch: No Taxes If You Earn Less Than $150K?

The Trump administration reportedly wants to eliminate taxes for certain earners.

The Guardian - US

Trump’s tariffs will be paid by the poor – while his tax cuts help the rich

The math doesn’t work in the president’s economic promises, which will create a giant upward transfer of wealth

The Guardian - UK

It’s ‘Maganomics’: Trump’s brash economic strategy is likely to end in crash or crisis

Large tax cuts for the rich, import tariffs, and the competing interests of Republican nationalists and the techno-right is a dangerous combination, says economist Jonathan Portes

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