Albanese government bids for votes with ‘top-up’ tax cuts for all

By Michelle Grattan, Professorial Fellow, University of Canberra

Tax cuts are the centrepiece of the Albanese government’s cost-of-living budget bid for re-election in May. The surprise tax measures mean taxpayers will receive an extra tax cut of up to A$268 from July 1 next year and up to $536 every year from July 1 2027.

Delivering his fourth budget on Tuesday night, Treasurer Jim Chalmers described the tax relief as “modest”. It will cost the budget $3 billion in 2026-27, $6.7 billion in 2027-28 and just over $17 billion over the forward estimates.

From July 1 2026 the 16% tax rate – which applies to taxable income between $18,201…

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