# Labor's Tax Relief Shortfall: A $12.5B Gap

Page: https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669/labor-s-tax-relief-shortfall-a-12-5b-gap
Text version: https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669/labor-s-tax-relief-shortfall-a-12-5b-gap.md
Podcast: [Sydney News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669)
Published: 2026-05-15T07:10:13+00:00
Episode link: https://api.fastcast.ai/audio/56c5adc8-fcb4-42dd-bc5d-fb2483ea6845.mp3
Audio file: https://api.fastcast.ai/audio/56c5adc8-fcb4-42dd-bc5d-fb2483ea6845.mp3
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Duration seconds: 87

## Resource

Angus Taylors tax relief plan for Australians faces scrutiny as Labors new costings reveal a $12.5 billion shortfall, increasing the real price tag to $35 billion over four years. The plan aims to index the lowest two income tax brackets to inflation starting in 2028, benefiting 85% of earners. However, Labor criticizes the plan, warning of potential inflation and the need to cut the proposed $250 working tax offset. The Coalition maintains a lower figure based on a different tool, but Taylors budget reply pitch for generational reform omitted details on instant pay bumps. As the election heats up, questions remain on who will bear the real cost of this tax relief. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/ee819b9d318dcdfc

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## Transcript

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