Labor is out with pre-Budget leaks of its own, via the AFR:
Federal Labor plans to at least match the income tax cuts to be outlined in next week’s federal budget, increase spending on health and education, and still deliver higher surpluses, owing to its plans to raise up to $220 billion extra in revenue over the next decade by increasing taxes.
After federal Treasurer Scott Morrison indicated the government would prioritise income tax cuts over larger surpluses in the medium term, shelving an Abbott government commitment to deliver surpluses equivalent to 1 per cent of the economy, Labor indicated that if it won the election it would be able to cut income tax, spend more and pay down debt faster because of the extra revenue at its disposal.
