From publicaccountant.com.au: Labor proposes a permanent reduction in the lowest marginal tax rate, dropping it to 15% in 2026 and 14% in 2027, along with a new $1,000 standard deduction for work expenses.

The Coalition counters with a one-off tax offset for low and middle-income earners, reintroducing the “lamington” for one financial year, providing rebates of $1,200 for taxable incomes between $48,000 and $104,000.

Analysis indicates that while both proposals aim to assist taxpayers, the Coalition’s plan slightly benefits low- and middle-income earners more than Labor’s, despite neither effectively targeting their traditional constituencies.