On 1 July 2024, 71,000 people, or 89 per cent of taxpayers in Werriwa, will be better off under the tax cuts legislated by the Albanese government. Thirteen point six million Australian taxpayers will receive a tax cut, three million more than would have received those tax cuts under the previous government. Five point eight million women, or 90 per cent of women taxpayers, will receive a bigger tax cut. That includes nurses, teachers and truckies—all of the people in Werriwa and all over the country who do everything for our society to keep it moving. They will all get a bigger tax cut. Families on $100,000 a year will receive $42 a week, going towards helping with the cost-of-living issues that people are dealing with. The tax cuts, coupled with the changes to the Medicare levy, will ensure that more Australians are helped and will ease the cost-of-living pressures.

The Albanese government has also instigated a supermarket inquiry by the ACCC, to ensure that Australian farmers and shoppers are better looked after. The Albanese government's priority is to address inflation and cost of living, and we are delivering $23 billion in targeted cost-of-living relief. The government has made medicines cheaper. It has done so much. The Albanese government wants to ensure that all Australians earn more and keep more of what they earn.

Link to Hansard: Full Speech