Shadow treasurer responds barely 20 minutes after Jim Chalmers’ budget speech, calling Labor’s policy ‘cruel hoax tax changes’

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The Coalition will not support Labor’s election-eve tax cuts in the federal budget, calling the changes a “cruel hoax” that will do little to improve standard of living.

“Seventy cents a day, in a year’s time, is not going to help address the financial stress Australian families are currently under. This is an election bribe by a weak prime minister,” the shadow treasurer, Angus Taylor, said moments after the changes were announced.