Middle Australia News Today

A warning shot has been fired off to the supermarket giants as a fresh review recommends they be whacked with heavy fines for bad behaviour.

Prime Minister Anthony Albaneses Stage 3 tax cuts backflip has got the support of one of Australias highest paid entertainers - radio presenter Kyle Sandilands.

Prime Minister Anthony Albanese says inflation and cost-of-living pressures have forced him to amend planned tax cuts due to take effect in July, skewing the benefits to favour lower and middle income earners. The controversial stage three tax cuts were legislated in 2018. Mr Albanese says the economic situation is vastly different than five years ago, and the amendments will benefit millions of Australians on modest incomes.

Details of the new Stage Three tax cuts have been revealed which now give a much bigger boost to low and middle earners at the expense of the top end of town.

Anthony Albanese is set to overhaul a tax package, with Australians earning up to a certain amount potentially in line for more relief than others.

Treasurer Jim Chalmers was asked why the public should trust the government again after the Labor administration broke its election promise over Stage 3 tax cuts.

On Wednesday, the PM was asked what his word was worth now if he was pressing ahead with the tax cuts overhaul after all his earlier promises to push them through.

Middle Australia could get bigger tax cuts as Prime Minister Anthony Albanese overhauls the promised stage three package.

Prime Minister Anthony Albanese has given his strongest hint yet he could change the scheduled Stage Three tax plans for the rich.

Bullock says central bank “will not hesitate” to lift rates if necessary.