Bigger income tax cuts for low- and middle-income earners have been rubber stamped by federal parliament although the opposition is insisting the prime minister shouldn't be rewarded for the policy shift at the ballot box. The tax debate was somewhat overshadowed by some surprising political cosplay this morning as two MPs took aim at the nation's supermarket duopoly.
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00:00 (SNORING)
00:02 (SCREAMS)
00:03 Often accused of having snouts in the trough...
00:05 (SNORING)
00:06 ..it's not every day you see politicians
00:08 seeking to embody their stereotypes.
00:11 (LAUGHTER)
00:12 I don't know what they were talking about, but anyway,
00:14 it looked good. I've heard nothing else.
00:17 But two long-serving crossbenchers argue
00:19 it's the piggy banks of the nation's big two supermarkets
00:22 that are overflowing.
00:23 And after a wardrobe change,
00:25 insisting they need to be forcibly broken up.
00:28 And we're just going to continue
00:30 with them screwing the farmers down through the floor
00:33 and charging the consumers a squillion dollars.
00:36 Yes, it is dramatic,
00:38 because pussyfooting around this for years and decades
00:41 has not worked.
00:43 A pain at the checkout,
00:44 just one of a multitude of financial pressures
00:46 hitting millions of Australians.
00:48 The Prime Minister promising some relief
00:50 will now flow from July,
00:52 after getting the government's reshaped income tax cuts
00:54 through the Senate last night.
00:56 It's good economic policy,
00:58 it's good for the family pocket,
01:00 and it will make an enormous difference.
01:03 Australians who are doing it tough right now
01:05 will appreciate whatever money can go into their pocket,
01:07 as little as it is, potentially only $15 a week.
01:10 Is that really enough to buy the Prime Minister's integrity back?
01:13 I don't think so.
01:14 The government lapping up its political win in question time.
01:17 How will the Albanese Labor government's tax cuts
01:20 deliver for our defence personnel?
01:22 How will Labor's new tax cuts benefit women?
01:25 How will workers protecting our environment benefit...
01:28 The victory lap, however, not to everyone's taste.
01:31 Irrelevance and tedious repetition.
01:33 I now know how the tax cuts are going to affect
01:35 almost every constituency in this country.
01:38 Labor's furiously denied the Coalition's claims
01:41 it timed its tax cut shift
01:43 to bolster its hopes at this weekend's by-election
01:47 in the Melbourne seat of Dunkley.
01:49 But passing the legislation just days before the poll
01:52 is hard to ignore.
01:54 Whether it affects the outcome remains unclear,
01:57 with neither of the major parties prepared to predict the result.
02:00 [BLANK_AUDIO]