‘Five bucks a week’: Tax cut mocked as housing and inflation bite
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Sky News host James Macpherson says the government's tax relief will do little to ease cost-of-living pressures, warning inflation and possible interest rate rises will quickly wipe out the benefit. “As of tomorrow, everyone gets up to $268 off their tax bill, which amounts to about five bucks a week,” Mr Macpherson said. “The way inflation is and a potential rate rise in a few weeks, it's quickly gone.”
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