CANBERRA, ACT, March 26 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: federal Budget 2025-26, Victorian infrastructure funding
RafEpstein:
JimChalmers has delivered his fourth Budget. He's the federal Treasurer. Good morning.
JimChalmers:
Good morning, Raf. How are you?
Epstein:
I'm good. Look, people on $45grand might really need it, but people earning $200grand don't need an extra $500 a year in a tax cut. High earners are getting tax cuts. Why?
Chalmers:
Well, every Australian taxpayer's getting another 2 tax cuts in addition to the one that started rolling out in July. And that's what we're doing in the Budget. We're topping up the tax cuts.
And when you cut the bottom rate from 19cents all the...