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3.06am BST
Kevin Rudd says there are “two giant buckets of bullshit” in the Coalition’s budget.
My take on two major pieces of bullshit in Morrison’s budget.
1. His $1 trillion lie on debt and deficit.
2. His other lie alleging how we irresponsibly “baked in” long-term budget expenditures during the GFC. pic.twitter.com/OqTFuv0Uv9
3.04am BST
AAP reporter Colin Brisden has filed this report on the looming passage of the tax cut reforms through the Senate.
Personal income tax cuts will soon pass the Senate after breezing through the lower house with the backing of Labor.
We are prepared to vote to get these through the house today and into the Senate as soon as possible.
We do acknowledge that these are serious times, we are in the deepest, most damaging recession for almost 100 years.
Right now today, the government and Labor are funnelling tens of billions of dollars out the door that are going to go the pockets of big corporation, and are going to go to the millionaires.
The ATO will work closely with providers of payroll software and employers to ensure the reduced withholding associated with the threshold changes and the increase of LITO (low income tax offset) is reflected in software as soon as practicable.
