Senate debates

Wednesday, 5 February 2025

Questions without Notice

Cost of Living

2:28 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I thank Senator Smith again for concentrating on cost of living and how the government is supporting households where we can responsibly do so. Obviously, those tax cuts are flowing through. It's a decision we took 12 months ago. The Prime Minister, the Treasurer, took a decision to make them fairer so not just some people would get a tax cut but 14 million taxpayers across the country would receive a tax cut thanks to our fairer tax plan, and those benefits will be even bigger from July this year. The figures from the Treasurer show there'll be even more money on average in the pockets of every taxpayer next financial year. We have stronger wages growth, we have strong jobs growth, and those tax cuts are flowing through to help households. These are the priorities of the Albanese Labor government: a focus on cost of living, get inflation down, cost-of-living help where we can, clean up the budget, and make sure that people get a fair crack at jobs and opportunities from new jobs across the economy in the future.

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