The Guardian Australia ·general ·1 hour ago

Labor unveils ambitious budget reforms targeting younger and poorer households

Australia's Labor government unveiled its fifth budget Tuesday, benefiting younger and poorer households through capital gains tax changes and trust income rules. Finance Minister Jim Chalmers called it his most ambitious reform package, but analysis shows middle-aged, middle-income Gen X voters increasingly drawn to One Nation will see minimal gains.

Summary by Glance · The Guardian Australia

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