Overview

• Labor's $17.1 billion tax cut plan, providing up to $536 annually for low-income taxpayers by 2027, passed the Senate with Greens and independent support.
• The Coalition has vowed to repeal the tax cuts if elected, calling them a 'cruel hoax' due to their delayed implementation and limited immediate impact.
• Peter Dutton announced a $6 billion proposal to halve the fuel excise for one year, promising savings of approximately $14 per week for a typical motorist.
• Economists and critics warn the Coalition's fuel excise cut could have inflationary effects and reduce funding for road infrastructure.
• The federal election is expected to be called imminently, with cost-of-living policies dominating the campaigns of both major parties.