Treasurer Jim Chalmers has announced a surprise tax cut for all Australian taxpayers as part of the federal budget, costing $17 billion. The move aims to provide cost-of-living relief amid economic pressures, though the cuts are described as 'modest.' While some groups, such as nurses and schoolchildren, benefit from the budget, others may not fare as well. Critics warn that the long-term financial impact of these cuts could pose challenges for the Labor government. The budget also reveals a $27.6 billion deficit, raising questions about fiscal responsibility.
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