CANBERRA, ACT, March 25 -- The Treasurer of Australia issued the following media release:
The Albanese Government will deliver two more tax cuts to every Australian taxpayer in 2026 and 2027, adding to the first round that Labor delivered in July last year.
Every Australian taxpayer gets another tax cut from next year - all 14million, not just some.
This will give a top up to every taxpayer, right up and down the income scale.
Labor's new tax cuts are modest but they will make a difference.
Combined with Labor's first round of tax cuts, the average tax cut is expected to be around $43 per week or more than $2,200 in 2026-27, and around $50 per week or more than $2,500 in 2027-28.
It's a bit of extra help for every taxpayer and it tops...