From www.theguardian.com: Angus Taylor, the shadow treasurer, stated that the Coalition will not support Labor’s tax cuts proposed in the federal budget, labeling them a “cruel hoax” that offers minimal financial relief to families.

The budget introduced a $268 tax cut in 2026 and a $538 cut annually thereafter, aimed primarily at lower-income workers by lowering the tax rate for the lowest income bracket.

Taylor criticised the budget as a short-term election tactic rather than a long-term economic plan, emphasizing that the current government has not addressed rising living standards effectively.